Metso Corp. is making a recommended cash offer to acquire the entire stock of Svedala, a global supplier of products and services for rock and mineral processes. Metso's plan is to combine its rock and mineral processing business group Nordberg with Svedala. The acquisition is subject to Metso obtaining acceptances from Svedala shareholders representing 90 per cent of Svedala's share capital and approval by relevant competition authorities.
Prior to the announcement Metso owned and controlled 0.51% of the shares and votes of Svedala.
The plan is to maintain the main brand names of both companies.
Get curated news on YOUR industry.
Enter your email to receive our newsletters.
Explore the June 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Commentary: Why PVC recycling can only scale with a systemic approach
- Untha opens Technology Innovation Center
- Recology releases 2025 sustainability report
- Beauty packaging nonprofit Pact Collective releases 2024 Impact Report
- Cascades sells South Carolina tissue mill
- Malaysia to set stricter plastic import controls
- Luum reshaping the fabric of textile recycling
- ABTC awarded at industry event
