Austria's RHI Magnesita to acquire U.S. firm Resco Group
01/04/2024 10:31
VIENNA, April 1 (Reuters) - Vienna-based fireproof
materials maker RHI Magnesita RHIM.VI said it plans to acquire
Resco Group, a U.S.-based producer of alumina monolithics and
refractories for an enterprise value of up to $430 million.
RHI Magnesita said in a statement the acquisition would
continue its growth in alumina-based refractories by providing
U.S. customers with an improved product offering.
(Writing by Dave Graham;
Editing by Alison Williams)
((dave.graham@thomsonreuters.com; Reuters Messaging:
dave.graham.thomsonreuters.com@reuters.net))