RHI Magnesita, a Vienna-based manufacturer of fireproof materials, intends to acquire Resco Group, a US-based company specializing in alumina and refractories, for an enterprise value of up to $430 million, as announced by both companies This acquisition, according to RHI Magnesita, aligns with their strategy of localized production, enhancing their range of products for US customers while streamlining supply chains and improving responsiveness
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Source and Credit: mining.com
