Balmoral Funds Affiliate Acquires Resco Products, Inc. from Wellspring Capital
March 8, 2022
An affiliate of Balmoral Funds LLC has acquired Resco Products, Inc., a North American refractory manufacturer based in the Pittsburgh area, from an affiliate of Wellspring Capital Management LLC. Balmoral (led by industry veteran Kevin Handerhan as Chairman) intends to deleverage Resco's balance sheet and invest in the company's operations to support growth across steel, cement and petrochemical end markets.
- Buyers
- Balmoral Funds LLC (affiliate)
- Targets
- Resco Products, Inc.
- Sellers
- Wellspring Capital Management LLC (affiliate)
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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