Metso expands recycling machinery portfolio

Archiv – Germany | Germany-based recycling equipment developer Metso has bought all the shares of Danish company M&J Industries A/S. Valued at around Euro 16 million, the deal is expected to be closed in the coming weeks.Germany | Germany-based recycling equipment developer Metso has bought all the shares of Danish company M&J Industries A/S. Valued at around Euro 16 million, the deal is expected to be closed in the coming weeks.
According to Metso, the acquisition strengthens its position as a leading supplier of recycling equipment and services. M&J Industries offers a broad range of mobile and stationary products for solid waste crushing and can count a large number of installations. Metso’s global sales and service network is expected to lead to further growth of the M&J business outside of Europe.
Located at Horsens in Denmark, M&J Industries employs approximately 100 people and anticipates net sales of around Euro 26 million this year. Christoffer Ribbing, President of Metso’s Recycling business line, comments: ’With the acquisition, we are taking an important step in strengthening our capabilities to serve our traditional metal recycling equipment customers who are expanding their scope to also cover the recycling of other types of materials.’