On July 26, 1946, a rented barn in Philadelphia, PA, became the corporate headquarters of RESCO PRODUCTS, INC., then known as Refractory Specialties Co. Founded to manufacture five refractory formulations acquired from the M.W. Kellogg Company, the young Resco owned a crusher, a cement mixer and two wheelbarrows.
It's often said that "luck" is when preparedness meets opportunity. The hard work and preparedness of Resco employees met with favorable market opportunities at a time when the oil and steel industries were making great strides in a boom economy, necessitating a move in 1950 to larger facilities, and ultimately the development of new and improved products for the petrochemical industry.
At a youthful 10 years old, the company acquired three brick plants, which became known as Crescent Brick, positioning Resco Products Inc. as a leading refractory brick supplier to the steel industry. Through hard work and dedicated R&D, Resco led the way with the development and patent of the semi-universal ladle brick designed to assure positive closure of a joint regardless of arc, thus preventing slag and molten metals from penetrating to the ladle shell, and helping the steel industry save many hundreds of thousands of dollars.
Next, Resco Products Inc. invented and patented a formula, AA-22, for the world's first chem-bonded and air-setting castable refractory which could be mixed fresh at a jobsite. Rescobond AA-22S was and still is the standard in the petroleum and petrochemical industries.
In 1997, Resco Products Inc. was faced with a series of hard decisions. Should the company continue under the current leadership? Should the company be sold to one of several conglomerates that had made overtures? Or should the existing management team attempt to purchase the organization?
After much consideration, the last option was decided upon as the best - the best for preserving an organization dedicated to innovation and leadership, and the best for continuing a long tradition of excellence and quality.
Following quickly on the heels of the successful purchase of the company that following year, the management team recruited and hired Bill Brown to be the new group's President and CEO. The management transition was complete.
In 1999, energized by this new team's commitment and motivation, Resco Products Inc. purchased two production facilities and several product brands from RHI-America. This acquisition expanded the company's customer base and market offerings, doubled the company's size while it simultaneously allowed complete continuity over production processes and resulting product quality. Continuing in a long history of growth and strategic development, the recent management transition and RHI acquisition provided not only a grand finish to the past century, but a fitting foretaste of the bright future of Resco Products Inc. that is yet to come.
On December 17, 2002, RESCO acquired certain assets of National Refractories and Minerals Corporation ("NRMC") which included brand names, mixes/formulations, intellectual property, molds, dies, fixtures, and certain equipment from NRMC plants at Mexico, MO; Columbiana, OH; and Wellsville, MO. Resco did not purchase the plants or the property on which the plants are located.
In September of 2005, the management team, in partnership with Hancock Park Associates, completed the purchase of all outstanding shares of RESCO's principal shareholder. Hancock Park is a private equity firm located in Los Angeles, CA, and they joined with the RESCO management team as the shareholders of RESCO.
Building on the momentum created by the Hancock Park partnership, RESCO acquired all of the outstanding shares of Worldwide Refractories ("WRI") in Tarentum, PA. The acquisition of WRI added dolomitic products to RESCO's large product offering, giving them one of the most diverse refractory product lines in the world. Included in the acquisition was the operating plant in Tarentum, PA where dolomitic brick and specialties will continue to be made.
In late 2006, the new partnership completed two more purchases. Refco and New Castle Refractories were purchased in December, adding insulating firebrick, a wide range of kiln furniture products (including nitride-bonded silicon carbide), and a precast facility.
Following the New Castle Refractory acquisition, Resco completed the purchase of Shenango Advanced Ceramics also located in New Castle, PA. This further enhanced their line of kiln furniture products with additional cordierite mixes and recrystalized silicon carbide.
In 2008, RESCO once again made a key acquisition to enhance its position as a key refractory producer in North America. United Refractories, with plants in Warren, OH and Moulton, AL was purchased by RESCO. This addition to the company included more precast facilities and two new product lines for RESCO: ceramic welding and liquids.
Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm, and they purchased RESCO in September 2011. Wellspring's plans for RESCO include further growth, both organically and through acquisitions, and continued development of resources to provide high quality, value-driven refractories.
After 14 years with RESCO, Bill Brown decided to retire in August of 2012. He is succeeded by John Midea, RESCO's new President and CEO.
In-depth knowledge of customer needs, innovative engineering, and a commitment to raising the standard - all these qualities have made and continue to make Resco Products Inc. a world leader. Today, Resco's ownership is dedicated to continuing the high standards and exemplary commitment which has made it a well respected suppler. Employing over 700 people in operations which span the globe, Resco Products Inc. continues to be known for quality services, quality products, and unparalleled expertise in all the industries that the company is so proud to serve.
- Marelan, Quebec about 50 miles west of Montreal.
- Hammond, located in Northwest Indiana in the heart of that regions steel industry.
- East Canton, OH
- Greensboro, NC
- Santa Fe Springs, CA, near Los Angeles
- New Castle, PA
- Warren, OH
- Tarentum, PA
- Hillsborough, NC
- Oak Hill, OH
- Moulton, AL
- Resco-UK, located in the East Midlands of the U.K.
- Magnesia Carbon
- Burned Magnesite
- Direct Bonded Magnesite Chrome
- Burned Dolomite Brick
- Resin Bonded Dolomite Brick
- Dolomitic Mortars and Ram Mixes
- Alumina Magnesia Graphite
- Burned Alumina
- Liquid Coatings
- Cordierite Kiln Furniture
- Ramming Mixes
- Precast Shapes
- Taphole Shapes
- Special products and minerals
- Re-bonded fused magnesia-chrome brick
- Gun Mixes
- Basic oxygen furnaces - brick tank and working linings
- Hot metal car linings
- Iron charging ladles
- Electric arc furnaces - brick hearth, sidewall and roof linings, precast shapes
- Steel ladles - safety and working lining brick and specialties including full monolithic ladles
- RH and DH degassers
- Tundish permanent linings -- castables
- Reheat Furnaces - specialty castables and plastics
- Cement - kiln brick
- Kiln Furniture
- Lime - kiln brick
- Copper - smelter brick and specialties
- Petroleum - proprietary specialties
- Petrochemical - proprietary specialties
- Foundry - brick and specialties for melting and steel handling units
- Argon Oxygen Decarburization furnace linings