Austria's RHI Magnesita to buy US-based alumina producer Resco
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Austria's RHI Magnesita plans to acquire Resco Group, a US-based producer of alumina and refractories, for an enterprise value of up to $430 million. The acquisition will support RHI Magnesita's growth in alumina-based refractories and improve its product range for US customers. The cash consideration for the acquisition is expected to be around $324 million, funded by RHI Magnesita's existing liquidity and a new committed facility of 200 million euros. The acquisition is subject to customary closing conditions and is expected to be completed in the second half of this year.



https://www.investing.com/news/stock-market-news/austrias-rhi-magnesita-to-buy-usbased-alumina-producer-resco-3359444