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RHI Magnesita announced its intention to acquire Resco Group, a US-based producer of alumina monolithics and refractories, for an enterprise value of up to $430 million. Resco operates seven plants in the US and two in the UK and Canada.
RHI Magnesita, a Vienna-based fireproof materials maker, plans to buy Resco Group, a U.S.-based producer of alumina and refractories, for an enterprise value of up to $430 million. The acquisition is expected to be completed in the second half of 2024.