Recycling Product News Logo

Metso Outotec to divest its waste recycling business

Metso Outotec employees
Metso Outotec will divest its recycling business which comprises of a waste recycling and metal recycling business.

Metso Outotec has signed an agreement to divest its waste recycling business line to Ahlström Capital, a family-owned investment company. 

Metso Outotec's recycling business comprises of the waste recycling and metal recycling business lines based on the company's strategic focus on the aggregates and mining industries. The closing of the transaction is expected to take place during the fourth quarter of 2021.

The parties have decided not to disclose the value of the transaction. The divestment will have a minor positive impact on Metso Outotec's financial results. The waste recycling business has been reported as part of discontinued operations in Metso Outotec's financial statements. Metso Outotec continues with the divestment process of its metals recycling business line.

The waste recycling business will be operating under the M&J brand, and its headquarters will be in Horsens, Denmark. All current employees of the business, approximately 120 persons, will transfer to the new company in connection with the transaction.

Company info

20965 Crossroads Circle
Waukesha, WI
US, 53186

Website:
mogroup.com

Read more

Related Articles

Sponsored Brought to you by: Machinex Logo

Why invest money in an intelligent MRF (4.0)?

Traditionally, waste management companies have operated using a simple "management of waste" approach to operating a MRF. Throughput targets and continuous operation (minimal downtime) were the main driving forces. The industry has changed however, and the focus moving forward is now on optimizing system performance and reliability, in conjunction with increasing recycling rates and a drive for a "greener" and more sustainable tomorrow.

When considering the addition of, or upgrade to, an "intelligent" MRF, for municipalities or private operators, the main factors should always be the client's (operator) current requirements, and evolving market needs, which include throughput, reliability, output quality, and adaptability. Equally important is a full understanding of what is really expected from any proposed system. Having an engaged and focused mindset for the project with the client from the beginning, will impact and drive the entire design process. This then impacts the overall project result, through to the productive, efficient, ongoing operation of the facility itself.

 

Learn more