Schoenherr advised Seven Refractories GmbH on the sale of its European, Indian and US operations to RHI Magnesita for a cash consideration of approximately EUR 93m. Closing is expected in the second half of 2023 and is subject to the fulfilment of customary regulatory approvals.

Seven Refractories is a specialist supplier of non-basic monolithic refractory mixes with customer relationships in 45 countries and a strong track record of innovation, including the development of a range of environmentally sustainable products and flexible manufacturing technologies. Products offered by Seven Refractories range from low temperature fireclay to ultra-high temperature zircon mixes, high-grade alumina mixes and sustainable taphole clay with a low CO2 footprint.

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass.

The Schoenherr team advising on this transaction was led by Markus Piuk (partner) and Alfred Amann (attorney at law) and further included Tatiana Iurkovska (attorney at law) and Irina Hanin (associate). Marco Thorbauer (partner) and Tobias Hayden (attorney at law) advised on all tax related matters.

press release | 28.04.2023