Metso completes the divestment of its grinding media business to Moly-Cop
Metso Corporation's press release on January 4, 2019 at 2:00 p.m. EET
Metso has successfully completed the divestment of its grinding media business to Moly-Cop, a portfolio company of American Industrial Partners. The divestment was announced on November 6, 2018.
The transaction includes the sale of Metso Spain Holding, S.L.U, including operations in Bilbao and Seville, Spain. As part of the transaction, approximately 80 employees have transferred from Metso to Moly-Cop. The turnover of the divested business in 2018 was approximately EUR 60 million.
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 2.7 billion in 2017. Metso employs over 12,000 people in more than 50 countries.
Global Communications, tel. +358 20 484 3212
Investor Relations, tel. +358 20 484 3253
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Metso Corporation via Globenewswire