Balmoral Funds completed the acquisition of Resco Products from Wellspring Capital.

Balmoral Funds, a private equity investment firm, completed the acquisition of Resco Products, a manufacturer of custom-designed specialty refractory products, from Wellspring Capital, a fund manager. Financial terms were not disclosed. “We look forward to building on Resco’s reputation as an industry leader to continue to provide customers with high-quality products and unmatched service. Over the years, Resco’s quality, innovation and technical expertise has created a win-win for itself and its customers. Resco’s customers are primed for growth in the coming years due to pent up demand in key sectors such as automotive, construction, and infrastructure. Balmoral intends to invest significantly to enhance the experience and value proposition for Resco’s customers, employees, vendors and others," Kevin Handerhan, Balmoral Funds Chairman.