# RHI Magnesita completes $410M acquisition of Resco Group

RHI Magnesita completed the acquisition of U.S.-based Resco Group from Balmoral Funds LLC and management for an enterprise value of $410 million (approx. €390 million). The deal expands RHI Magnesita's footprint in North America for refractory products.

- Type: Acquisition
- Announced: 2025-01-28
- Where: United States
- Value: $410.0M
- Status: completed
- Products: refractory products, alumina-based refractories
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [RHI Magnesita](https://endata.com/companies/17934.md) (acquirer)
- [Resco Group](https://endata.com/companies/70490.md) (target)

## Sources

- [einnews.com](https://www.einnews.com/pr_news/781053903/rhi-magnesita-expands-footprint-in-north-america-through-resco-group-acquisition), 2025-01-28: "RHI Magnesita... is pleased to announce the completion of the acquisition of the U.S.-based Resco Group... for an enterprise value of $410 million."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.