EANS-Adhoc: RHI AG
RHI buys Irish raw materials producer and expands supply
with own raw materials further
30.09.2011 – 21:08
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 30.09.2011 RHI today signed a contract to acquire Premier Periclase Ltd., Ireland ("PPL"). The purchasing price amounts to EUR 21 million; the closing took place with effect of today. PPL is one of the worldwide suppliers of seawater-based large crystal sinter and, with 110 employees, produces roughly 70,000 metric tons of sintered magnesia annually in the north of Dublin. In addition, the closing of the acquisition of SMA Mineral Magnesia AS, Norway, took place today. With the capacity expansion in Turkey and the acquisition of SMA and PPL RHI is going to increase its self-sufficiency in magnesia raw materials up to approx. 80% by mid-2012. Further inquiry note: RHI AG Investor Relations Mag. Barbara Potisk-Eibensteiner Tel: +43-1-50213-6123 Email: barbara.potisk@rhi-ag.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: RHI AG Wienerbergstrasse 9 A-1100 Wien phone: +43 (0)50213-6123 FAX: +43 (0)50213-6130 mail: rhi@rhi-ag.com WWW: http://www.rhi-ag.com sector: Refractories ISIN: AT0000676903 indexes: ATX Prime, ATX stockmarkets: official market: Wien language: English