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“We are excited about the opportunity to partner with Wellspring, which has an in-depth understanding of our business and industry,” said William Brown, president and CEO of Resco. “We are very pleased to have a long-term oriented and experienced strategic investor that will support our strategy of producing high-quality products.”
“We are thrilled to invest in such a high-quality company in the refractory market, where we have seen consistent growth,” said Carl Stanton, a managing partner of Wellspring. “Resco’s customer relationships span decades, and it is a critical supplier to major North American steelmakers and general industrial companies alike. We look forward to supporting Resco’s further growth throughout North America and internationally.”
For more information, visit www.wellspringcapital.com or www.resco.com.