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Friday, 03 June 2022 10:58

Metso Outotec closes the divestment of its Metal Recycling business

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Metso Outotec has successfully completed the divestment of its Metal Recycling business line to Mimir, an investment company based in Stockholm, Sweden.

2022 02 04 102603The 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.

Further information

Piia Karhu, President, Metals business area, Metso Outotec, tel.+358 40 5406 964, email: piia.karhu(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

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