ERJ staff report (LMH)
Hanover, Germany – The conveyor belt group of ContiTech has acquired the Helsinki-based industrial conveyor belt operations of Metso. The German company said both sides have agreed not to disclose the purchase price.
The transaction includes a production plant in Kalkku, Finland, where ContiTech will continue to manufacture conveyor belts for use in applications such as quarries, the ore industry, in-factory transport, as well as in the paper and food industry. ContiTech also acquired the related sales and service locations in Finland.
In total, ContiTech will take over approximately 130 Metso employees. The transfer of the business is scheduled for the fourth quarter of 2013.
“The acquisition strengthens ContiTech’s industrial business and is a perfect complement to the conveyor belt groups current range of industrial conveyor belt and special belts,” commented Hans-Jürgen Duensing, head of the ContiTech conveyor belt group business.
He added, “Furthermore, we are also improving our market presence in northern Europe and optimising the structure or production sites. Our objective is to continue and further develop activities at the plant in Finland and gain access to new customer groups in the Scandinavian markets.”
In 2010, ContiTech took over business activities involving Flexowell and Pocketlift conveyor belts from Metso and has since then successfully expanded business in this area.
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News Release from ContiTech