According to RHI Magnesita, the Resco acquisition, which carries an enterprise value of US$410 million, is a significant milestone for the company. 

"Combining our expertise in refractory solutions with Resco’s strengths in the petrochemical, cement, and aluminum sectors, we aim to broaden our offerings through increased local production and improved supply chain security. This synergy will benefit both our existing and new customers as we set new industry standards and deliver a wider range of solutions,” said Craig Powell, RHI Magnesita North America regional president. 

The company said that with the acquisition complete, it will now focus on integrating teams, processes, technology, and resources to ensure a seamless transition and maintain business continuity for the combined entity’s suppliers, customers and other stakeholders.

“As part of the integration of the networks, RHI Magnesita will also invest into Resco’s plants to further upgrade them, increase capacities, introduce new product lines and improve overall productivity,” it said.