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RHI Magnesita NV ( (GB:RHIM) ) has shared an update.
RHI Magnesita has completed its $410 million acquisition of Resco Group, a US-based producer of alumina monolithics and various refractories, enhancing its market presence in North America. The acquisition is expected to bolster RHI Magnesita’s product portfolio, supply security, and operational efficiency, while generating synergies through supply chain optimization and increased local production in the US and Canada. The transaction reflects the company’s strategic focus on expanding in regions with dynamic economic growth, particularly in the alumina-based refractories sector.
More about RHI Magnesita NV
RHI Magnesita is a leading global supplier of high-grade refractory products, systems, and solutions essential for high-temperature industrial processes. It operates a vertically integrated value chain and serves diverse industries such as steel, cement, non-ferrous metals, and glass, with more than 20,000 employees across 67 production sites worldwide. The company is listed on the London Stock Exchange and is part of the FTSE 250 index.
YTD Price Performance: 5.06%
Average Trading Volume: 16,396
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.62B
Learn more about RHIM stock on TipRanks’ Stock Analysis page.
