Metso to sell recycling business to Ahlström Capital

Aggregates and mining equipment specialist Metso Outotec is to sell its Waste Recycling business to Finnish investment firm Ahlström Capital, for an undisclosed amount.

The decision to sell the business was made in October of last year and is a strategic move designed to help streamline activities and improve its profitability, following Metso Outotec’s formation after the demerger of Metso Corporation.

It comes as Metso Outotec continues to both expand its presence in China and strengthen its operations in the mining equipment sector.