Metso agrees to divest certain parts of its industrial rubber conveyor belt manufacturing and related sales and services operations in Northern Europe to ContiTech and Lutze Group
Metso has agreed to divest certain parts of its industrial rubber conveyor belt manufacturing and related sales and services operations. The operations comprise 27 locations with around 340 employees currently belonging to Metso’s Mining and Construction segment. The industrial rubber conveyor belt manufacturing and sales and services locations in Finland will be divested to ContiTech Conveyor Belt Group. The industrial rubber conveyor belt sales and services locations in Belgium, Germany, Netherlands, Norway and in Southern Sweden will be divested to Lutze Group. The price of the transaction will not be disclosed.