Metso Outotec, based in Finland, says it has completed the divestment of its Metal Recycling business line to Mimir, an investment company based in Stockholm, Sweden.
The sold Metal Recycling business includes the brands Lindemann and Texas Shredder. The business will operate globally under the Lindemann brand, and will be headquartered in Düsseldorf, Germany. Its approximately 160 employees have transferred to the new company, according to Metso Outotec.
Metso Outotec remains involved in providing equipment for the aggregates, minerals processing and metals refining industries.
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