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Magnesita Refratarios SA Concludes Acquisition of Dalian Mayerton Refractories Co Limited


Tuesday, 6 Aug 2013 08:08am EDT 

Magnesita Refratarios SA announced that, following information disclosed to the market on April 22, 2013, it has concluded acquisition of Dalian Mayerton Refractories Co Limited (DMR), a refractory production unit located in the city of Dalian in the Liaoning Province in the People's Republic of China with the installed production capacity of 50,000 tons per year of refractory brick based on magnesia carbon. DMR belongs to Mayerton Group, a producer and supplier of refractory. The value of the transaction is approximately USD 22 million (including liabilities of DMR) and includes all assets and current employees of DRM. After completing registration of the acquisition by the local authorities of Dalian (Dalian Municipal Administration for Industry and Commerce), DMR will be renamed Magnesite Refractories (Dalian) Co Ltd. 

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19 Dec 2014