transaction is about EUR 16 million and it is expected to be closed in the coming weeks.
This acquisition strengthens Metso’s position as a leading supplier of recycling
equipment and services and makes Metso a significant player also in the solid-waste
recycling equipment segment. M&J Industries offers a broad range of mobile and
stationary products for solid-waste crushing and has a large installed base. Metso’s
global sales and service network enables further growth of the acquired waste
recycling business outside Europe.
M&J Industries is located in Horsens, Denmark, and has approximately 100
employees. Its forecasted net sales in 2009 are approximately EUR 26 million.
“With the acquisition, we are taking an important step in strengthening our
capabilities to serve our traditional metal recycling equipment customers who are
expanding their scope to also cover the recycling of other types of materials. An
exciting new customer segment is energy companies that use this kind of equipment
in the pre-combustion treatment of solid waste and biomass in their power plants. We
already supply the segment with our power generation and automation products and
services. Crushing technology has always been one of Metso’s core strengths, and this
acquisition expands our crushing capabilities to cover solid waste applications as well
as the current metal recycling and rock crushing applications,” says Christoffer
Ribbing, President of Metso’s Recycling business line.
Metso is a global supplier of sustainable technology and services for mining,
construction, power generation, automation, recycling and the pulp and paper
industries. Metso has about 28,000 employees in more than 50 countries.
Contact
Hans-Christoph StadelMCF Corporate Finance GmbH
Am Sandtorkai 30
20457 Hamburg
Tel: 040 / 398 03 0 Fax: 040 / 398 03 101