RHI Magnesita Completes Acquisition of Resco Group

RHI Magnesita has finalized its acquisition of US-based Resco Group from Balmoral Funds LLC and management for an enterprise value of $410 million (€390 million). This marks the company’s largest investment since the 2017 merger of RHI and Magnesita.

The acquisition strengthens RHI Magnesita’s position in North America by enhancing local production capabilities and securing supply chains for cement, steel, and aluminum industries. Resco Group’s operations will be integrated, with planned investments to upgrade facilities, increase capacities, and introduce new product lines.

RHI Magnesita CEO Stefan Borgas highlighted the deal as a milestone in the company’s expansion strategy, enhancing local production and broadening its product portfolio. Former Resco CEO Mark Essig emphasized the growth opportunities this transaction brings for the company and its employees.