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RHI Magnesita proposes to acquire Vesuvius

PRIVATEOct 11, 2026

Acquiring Company

RHI Magnesita

Acquired Company

Vesuvius plc

ViennaGreater LondonManufacturingManufacturing

Description

RHI Magnesita has submitted a takeover proposal for Vesuvius, which is under careful evaluation by its board. This potential acquisition highlights the growing interest in UK industrial companies, particularly from global suppliers. Investors have reacted positively to the news, driving Vesuvius shares higher. The final outcome will depend on further negotiations and assessments by Vesuvius's board.

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 October 11, 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 October 11, 2026. RHI Magnesita has submitted a takeover proposal for Vesuvius, which is under careful evaluation by its board. This potential acquisition highlights the growing interest in UK industrial companies, particularly from global suppliers. 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.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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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.