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Mayerton: Divestment of Production Facility in China as Part of Strategy
Mayerton Holdings Ltd., a leading refractory engineering solutions provider and a high quality castable and refractories brick manufacturer, has signed a definitive agreement for the sale of its 100 % equity interest in Dalian Mayerton Refractories Co. Ltd. (DMR) to Magnesita Refratarios S.A.
DMR is a refractory brick manufacturing facility in Dalian, China (Liaoning Province). The divestment of DMR will support Mayerton’s strategy to optimise capacity at its remaining production facilities and focus resources on performance and service/support in addition to product diversification. The divestment does not impact Liaoning Mayerton Refractories Co. Ltd. where it retains sufficient capacity to manufacture in excess of its current volume of refractory bricks. Mayerton expects that the approval and consequent completion of the acquisition will occur in Q3 2013. (8/2013)
