Metso strengthens its metal recycling business in USA
Metso has acquired Mueller Engineering Inc (MEI), a leading provider of equipment and service for high voltage drive systems to the North American shredder industry, located in New Berlin, Wisconsin, USA.The sellers are members of the Mueller family, and the acquisition price is approximately 6 million euros. The company was transferred to Metso on 31 October.Mueller Engineering is a shredder plant service provider specializing in servicing the drive motors and related equipment critical to the functioning of the shredder. In addition to North America, MEI has customers in Asia-Pacific, South America, South Africa and Europe. In 2006, the net sales of the company were 10 million euros. It employs 20 staff.With this acquisition Metso Minerals further strengthens its position in the North American metal recycling plant service business and the supply of critical core components to the shredder plants. Combined with the prior BEST acquisition in March 2007, this transaction will support Metso in its efforts to be a leading provider of metal recycling plant services in North America.Metso is a global engineering and technology corporation with 2006 net sales of approximately 5 billion euros. Its more than 26,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.