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RHI Magnesita (RHHMY) has completed the acquisition of U.S.-based Resco Group for an enterprise value of $410 million (€390 million), marking its largest investment since the RHI and Magnesita merger in 2017. The acquisition significantly expands RHHMY's North American footprint and enhances local-for-local production capabilities.
The strategic acquisition will deliver multiple benefits including: an enhanced product portfolio with focus on alumina-based refractories, improved supply chain security through reduced reliance on international imports, enhanced logistical efficiencies, and advanced refractory recycling solutions. RHI Magnesita plans to invest in Resco's plants to upgrade facilities, increase capacities, and introduce new product lines.
Resco Group, with its 78-year history, brings strong expertise in the petrochemical, cement, and aluminum sectors, complementing RHHMY's existing operations.
o9 Solutions has formed a strategic partnership with RHI Magnesita to deploy the o9 Digital Brain platform for Integrated Business Planning (IBP) globally. This partnership aims to enhance RHI Magnesita's supply chain capabilities, providing comprehensive visibility and automation in planning processes. The o9 platform will allow RHI Magnesita to anticipate supply chain risks, improve inventory planning, and create value for customers. With a workforce of around 13,500 across 33 production sites, RHI Magnesita is focused on leveraging its expertise in high-temperature processes for diverse industries such as steel and glass. The collaboration is vital for RHI Magnesita's ambitions to optimize operations and retain market leadership in a volatile industry.
