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RHI Magnesita to acquire Vesuvius plc

PRIVATESep 29, 2026

Acquiring Company

RHI Magnesita

Acquired Company

Vesuvius plc

ViennaGreater LondonManufacturingManufacturing

Description

RHI Magnesita N.V. has proposed an offer for Vesuvius plc, including cash and share options for Vesuvius shareholders. The latest proposal values Vesuvius shares at 551 pence. Vesuvius is currently evaluating this and previous proposals from RHI. The outcome remains uncertain as the Board considers financial and execution risks.

Company Information

Company

RHI Magnesita

Location

Vienna, Vienna, Austria

About

RHI Magnesita is a leading global supplier of high-grade refractory products, systems and solutions critical for high-temperature processes in industries such as steel, cement, non-ferrous metals, and glass. Headquartered in Austria and listed on the London Stock Exchange, RHI Magnesita has a vertically-integrated business model, providing an expanded North American footprint with 15 production sites across the U.S., Canada, and Mexico.

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Frequently asked

Who acquired Vesuvius plc?

Vesuvius plc was acquired by RHI Magnesita, based in Vienna. The deal was reported on September 29, 2026. RHI Magnesita is a leading global supplier of high-grade refractory products, systems and solutions critical for high-temperature processes in industries such as steel, cement, non-ferrous metals, and glass. RHI Magnesita is privately held and operates in Manufacturing.

When did RHI Magnesita acquire Vesuvius plc?

RHI Magnesita's acquisition of Vesuvius plc was reported on September 29, 2026. RHI Magnesita N.V. has proposed an offer for Vesuvius plc, including cash and share options for Vesuvius shareholders. The latest proposal values Vesuvius shares at 551 pence. Vesuvius is currently evaluating this and previous proposals from RHI. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Vesuvius plc do?

Vesuvius plc is a global leader in the supply of engineered solutions for steel and foundry industries. The company develops and manufactures advanced materials and technologies for high-performance applications. It is privately held, operating in Manufacturing, and is based in Greater London.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.