# RHI Magnesita acquires Dalmia GSB Refractories GmbH for €13M

RHI Magnesita acquired Dalmia GSB Refractories GmbH, a supplier of monolithic lances and precast products to European steel customers, for approximately €13 million in cash. The acquisition is expected to close in the first half of 2023.

- Type: Acquisition
- Announced: 2023-03-29
- Where: Bochum, Germany, Germany
- Value: $14.3M (13.0M EUR)
- Status: announced
- Products: monolithic lances, precast refractory products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [RHI Magnesita](https://endata.com/companies/17934.md) (acquirer)
- [Dalmia Bharat Ltd](https://endata.com/companies/19939.md) (partner)
- [Dalmia GSB Refractories GmbH](https://endata.com/companies/69407.md) (target)

## Sources

- [sharecast.com](https://www.sharecast.com/news/Mergers-Acquisitions-and-Disposals/Acquisition-of-Dalmia-GSB-Refractories-GmbH--dl33399591.html), 2023-03-29: "Steel flow control is a market we have targeted for growth and this acquisition will bring additional benefits to our customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.