ContiTech to acquire Metso conveyor belt business
German belt specialists take over factory and related sales and service organization in Finland
THE ContiTech Conveyor Belt Group, based in Northeim, Germany, are strengthening their conveyor belts business for industrial applications with the acquisition of Metso’s industrial conveyor belt operations based in Helsinki, Finland, for an undisclosed sum.
The transaction includes a production plant in Kalkku, Finland, where ContiTech will continue to manufacture conveyor belts for the use in applications such as quarries, the ore industry, in-factory transport, as well as the paper and food industry.
ContiTech will also acquire the related sales and service locations in Finland, together with approximately 130 Metso employees. Transfer of the business is scheduled for the fourth quarter of 2013.
‘The acquisition strengthens ContiTech’s industrial business and is the perfect complement to the Conveyor Belt Group’s current range of industrial conveyor belts and special belts. We are also improving our market presence in northern Europe and optimizing the structure of our production sites,’ commented Hans-Jürgen Duensing, head of the ContiTech Conveyor Belt Group business unit.
‘Our objective is to continue to further develop activities at the plant in Finland and gain access to new customer groups in the Scandinavian markets.’
In 2010 ContiTech took over business activities involving the Flexowell and Pocketlift conveyor belts from Metso and have, since then, successfully expanded business in this area.
