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[March 2005]
Didier Takes Over MARVO
RHI Refractories, the core refractories business of RHI AG (Vienna, Austria) reported an acquisition in the refractories area. It already held a 33.33% interest in MARVO Feuerungs- und Industriebau GmbH based in Kerpen in Germany, through its subsidiary Didier-Werke AG (Wiesbaden, Germany). In February, Didier-Werke concluded a sales contract for a complete takeover of all business shares in MARVO.
MARVO is a specialist in lining industrial kilns with refractory products. With nearly 100 employees in Kerpen, in the North Rhine-Westphalia region, and in Siersleben in Saxony-Anhalt and sales revenue of more than ?7 million, MARVO is said to be excellently positioned as a provider of new refractory linings, repair services and emergency management, especially in Germany. MARVO has had longstanding relations with customers in the nonferrous metals, glass and steel industries.
With the takeover of MARVO, RHI Refractories is increasingly focusing attention on the growing importance of the refractories service component for its customers in Central Europe.
The enforcement of the contracts concluded is still subject to antitrust approval. The contracting parties have agreed not to publish the sale price.
ENDS