Metso Minerals enlarges US arm via $16M buy of Texas Shredder

Aug 31, 2005 | 03:29 PM | Michael Marley

Metso Minerals has acquired Texas Shredder Inc., the San Antonio, Texas,-based provider of shredder plants to the scrap industry.

The Helsinki, Finland,-based unit of Metso Corp. said in a statement that it paid about 13 million euros ($16 million) for Texas Shredder, which will be merged with Metso's Svedala Lindemann Recycling Equipment Inc., a scrap processing equipment manufacturer based in Cedar Rapids, Iowa. The company's U.S. arm will be called Metso Texas Shredder Inc. and will be headquartered in San Antonio.....

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