Wellspring Capital Management LLC and Hancock Park Associates (HPA) recently announced that Wellspring has acquired Resco Products Inc., a leading North American producer of value-added refractory solutions, from HPA.
“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