Global refractory supplier RHI Magnesita and mineral processor BPI Inc. announced a transformative joint venture to expand circular economy initiatives and accelerate sustainability across North America.
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RHI Magnesita, a global supplier of high-grade refractory products, systems and solutions, completed the acquisition of the U.S.-based Resco Group for an enterprise value of $410 million.
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RHI Magnesita introduced “4PRO” – a new refractory solutions contract model. The transformative business model is designed to lead high-temperature industries like cement toward a sustainable and technologically advanced future through a more holistic and contemporary approach.
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RHI Magnesita intends to acquire Resco Group, a U.S.-based producer of alumina monolithics and a wide range of basic and non-basic refractories, for up to $430 million.
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In its commitment to growth in the North America region, RHI Magnesita has invested more than $35 million in technology, infrastructure and equipment upgrades.
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RHI Magnesita, a global supplier of refractory products, systems and solutions, expanded its Mexican footprint with a new customer service hub in Monterrey.
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International refractory company RHI Magnesita recently opened its North American headquarters in Tampa, Fla., to serve as a hub for its current infrastructure in the United States, Canada and Mexico.
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