Metso Oyj Completed Divestment Of Certain Parts Of Its Industrial Rubber Conveyor Belt Operations


Friday, 1 Nov 2013 12:38pm EDT 

Metso Oyj announced that it has completed the divestment of certain parts of its industrial rubber conveyor belt manufacturing and related sales and services operations. The operations comprise 27 locations with around 330 employees previously belonging to Mets o's Mining and Construction segment. The industrial rubber conveyor belt manufacturing and sales and services locations in Finland were divested to ContiTech Conveyor Belt Group. The industrial rubber conveyor belt sales and services locations in Belgium, Germany, Netherlands, Norway and in Southern Sweden were divested to Lutz e Group. The divested sales and services operations serve other customer industries than Mets o's focus areas in mining and construction. The price of the transaction will not be disclosed. 

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