Resco Products, Inc., under Balmoral Funds LLC, is set to be acquired by Austria-based RHI Magnesita in a deal valued at up to $430 million. RHI Magnesita, a major player in the refractory product market and listed on the London Stock Exchange, aims to enhance its North American presence with this acquisition. “This transaction is…
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RHI Magnesita acquires P-D Refractories for a cash consideration of €45 million
LONDON, UK: RHI Magnesita announced the acquisition of the Germany, Czech Republic and Slovenia based refractory businesses of the Preiss-Daimler Group (P-D Refractories) for a cash consideration of approximately €45 million. P-D Refractories is a producer of high quality alumina-based refractories for industrial applications in process industries, with a leading market position in the glass…