Metso Outotec Oyj : closes the divestment of its Metal Recycling business
June 02, 2022 at 02:12 am EDT
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Press ReleaseJune 2, 2022
Metso Outotec closes the divestment of its Metal Recycling business
Metso Outotec Corporation's press release on June 2, 2022 at 9:00 a.m. EEST
Metso Outotec has successfully completed the divestment of its Metal Recycling business line to Mimir, an investment company based in Stockholm, Sweden.
The sold Metal Recycling business includes the brands Lindemann and Texas Shredder. The business will operate globally under the Lindemann brand, and will be headquartered in Düsseldorf, Germany. Its approximately 160 employees have transferred to the new company.
The divestment was announced on December 31, 2021.
Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers' energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec
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Metso Outotec Oyj published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 06:11:02 UTC.
Metso Outotec Oyj specializes in the design, development, construction and maintenance of factories and equipment intended for the metallurgy and mining industries. Net sales break down by activity sector as follows:
- mining (63.5%): crushing machines, screening machines, handling equipment, etc. ;
- aggregates industry and quarrying (27.3%): production plants, stations, modules and equipment, crushing and screening equipment, handling equipment, etc.;
- metal refining and processing (9.2%): extraction sites, non-ferrous concentrate baking units, copper, nickel, zinc, lead and precious metals foundries and refineries, grinders, floating machines, control and analysis systems, separators, iron processing into small balls units, etc.
Net sales are distributed geographically as follows: Finland (1.5%), Europe (21%), North and Central America (22.9%), Asia/Pacific (22.4%), South America (17.3%), Africa/Middle East/India (14.9%).