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RHI Magnesita to acquire Resco Group

11 April 2024, Published under Cement News

RHI Magnesita has announced plans to acquire US-based Resco Group, a manufacturer of alumina and refractories. The deal is reported to be worth up to US$430m, says Reuters. According to RHI Magnesita, the move will accelerate its growth in alumina-based refractories and enable it to offer its US customer base an improved range of products.  “The acquisition advances our 'local for local' production strategy and will shorten supply chains, improve our speed of reaction, and increase the se...