RHI Magnesita announced completion of the acquisition of the US-based Resco Group, from an affiliate of Balmoral Funds LLC, North America. Resco has been in the refractory industry for over 75 years including steel and cements and operates 11 facilities across North America and the UK. The acquisition, for an enterprise value of US$ 410m (about € 390m), is the most significant investment by RHI since the merger of RHI and Magnesita in 2017. According to the management, the acquisition will deliver a broad range of benefits to customers including a significantly enhanced product portfolio a higher responsiveness. (Photo: RHI Magnesita in Vienna).