RHI Magnesita has completed its acquisition of US-based Resco Group from Balmoral Funds LLC and management for USD 410 mln, marking the company’s largest investment since its 2017 merger.
Resco’s refractory products, essential to industries like cement, steel, and aluminum, will strengthen RHI Magnesita’s North American operations. This acquisition enhances local production capabilities, bolstering supply chain security for key industries in the region.
The deal expands RHI Magnesita’s product portfolio, offering a wider range of basic and non-basic products with broader industry applications. It also supports the company’s growth in alumina-based refractories.
Focusing on local-for-local production, the acquisition reduces the US’s reliance on international imports, driving logistical efficiencies and improving lead times. Resco customers will benefit from RHI Magnesita’s innovation leadership, sustainability initiatives, and advanced recycling efforts to promote industrial decarbonization.
RHI Magnesita will invest in upgrading Resco’s plants, increasing capacity, and introducing new product lines to improve productivity.
As the leading supplier of high-grade refractory products, RHI Magnesita operates 67 production sites and 12 recycling facilities globally, serving industries requiring high-temperature processes.
