RHI Magnesita N.V. to acquire Vesuvius plc

RHI Magnesita N.V. has agreed to acquire Vesuvius plc in a strategic acquisition. The transaction was announced on 29 September 2026. Both companies operate within the Construction and Materials sector. RHI Magnesita is a Dutch entity, while the target, Vesuvius, is based in the United Kingdom. The deal structure involves a combination of cash and shares as consideration. No specific headline offer value or currency was reported in the available data. The completion date for the transaction has not yet been determined. This move represents a significant consolidation within the industrial materials space, bringing together two major players in the refractories and casting solutions market. The integration of these operations will likely streamline supply chains and expand product offerings for customers in heavy industry. Stakeholders are currently monitoring the progress of this cross-border merger, which aims to create a stronger global competitor. The terms reflect a standard strategic approach to market expansion and operational efficiency.

The transaction is currently classified as a possible offer. It remains subject to customary regulatory approvals and other standard closing conditions. No further details regarding the finalisation timeline have been disclosed at this stage.