Balmoral Consummates the Sale of Resco to RHI Magnesita
PITTSBURGH, January 28, 2025--RHI Magnesita, the leading global supplier of high-grade refractory products, systems and solutions, is pleased to announce the completion of the acquisition of the US-based Resco Group, from an affiliate of Balmoral Funds LLC, a Los Angeles-based private equity firm, and management. The acquisition, for an enterprise value of $410 million (c.€390 million), is the most significant investment by the Group since the merger of RHI and Magnesita in 2017.