US/Austria: RHI Magnesita (RHIM) plans to acquire Resco Group for US$430m. The acquisition of Resco will add fireclay and pyrophyllite-andalusite mining operations in the US to its existing magnesite and dolomite operations across Europe, the US, Brazil and China. Furthermore, RHIM aims to transfer ‘significant’ production volumes from non-US plants to Resco's US facilities. The completion of the acquisition is anticipated in the second half of 2024.
RHI Magnesita to acquire US-based Resco Group for US$430m
URL: https://www.globalcement.com/news/item/17217-rhi-magnesita-to-acquire-us-based-resco-group-for-us-430m
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