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Metso sells belts businesses to German pair

03 September, 2013

The Finnish group Metso is selling parts of its industrial rubber conveyor belt manufacturing business to two German companies, ContiTech’s Conveyor Belt Group and the Lutze Group.

The operations being sold consist of 27 locations with around 340 employees who currently work for Metso’s Mining and Construction segment. The manufacturing, sales and services operations in Finland will be sold to ContiTech, while those in Belgium, Germany, Netherlands, Norway and in Southern Sweden will go to Lutze. The price of the transactions has not been disclosed.

Metso says that industrial rubber conveyor belts and related services will continue to be an essential part of its offering to the mining and construction industries. The planned divestment is part of a strategy to develop and simplify its production capacity in Europe. The aim is to improve the competitiveness of the business and to develop customer service.

The transactions are due to be completed in the third quarter of 2013 and Metso says they will have no material impact on its financial performance.

Under its deal, ContiTech will acquire a belt production plant in Kalkku, Finland, where it will continue to make conveyor belts for use in areas such as quarries, mines and factories. The acquired business also produces special belts for paper mills and food production.

Metso's belts are used in quarries and industrial applications

ContiTech is also acquiring related sales and service locations in Finland. In total, around 130 Metso employees will join ContiTech.

“The acquisition strengthens ContiTech’s industrial business and is the perfect complement to the Conveyor Belt Group’s current range of industrial conveyor belts and special belts,” says the group’s head, Hans-Jürgen Duensing. “Furthermore, we are also improving our market presence in northern Europe and optimising the structure of our 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 Metso’s Flexowell and Pocketlift conveyor belt activities and has expanded its business in this area.

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