Nordberg Adopts Metso Name

Nordberg Sales Corp., Milwaukee, has begun operating under the name Metso Minerals to reflect its status as a subsidiary of the Finnish conglomerate Metso Corp.

In a letter to its vendors, the newly named company notes that “although there will be a new name and logo, this change does not affect the legal status between [Nordberg and its vendors, suppliers and customers].”

The same letter notes that Metso Corp. is continuing to pursue its offer to purchase Svedala Industri AB of Sweden. The merger process between the two companies has taken longer than anticipated, even though the European Union trade commission gave its approval in January.

In North America, though, the review process by the U.S. Federal Trade Commission (FTC) has caused some delays in the deal. “During the process, Metso has come to the understanding that in order to obtain clearance from FTC, Metso is expected to divest its grinding mills business in addition to the businesses included in the remedy package agreed with the EU Commission,” a recent Metso news statement notes.

Due to the conditions, “Metso has decided to extend the acceptance period for its offer to June 1,2001, and may decide on a further extension of the acceptance period should it be required,” the company also discloses in the news release.

Metso Minerals makes crushing and screening equipment, as well as replacement and wear parts, for the rock, minerals, and concrete crushing industries.