Agg-Net

The Aggregates & Recycling Information Network
Mobile Menu
From the organisers of
 

Metso acquire remaining shares in Shaorui

Metso acquire remaining shares in Shaorui

Company exercises option to acquire the remaining 25% share in Chinese Shaorui Heavy Industries Ltd

TO support their growth plans in China, Metso have exercised their call option to acquire the remaining 25% of shares of Shaorui Heavy Industries Ltd, a Chinese manufacturer of crushing and screening equipment targeted at the mid-market segment.

The transaction, which is expected to be finalized during fourth quarter of 2019, will complete the 75% acquisition made in September 2013 and make Metso the sole owners of the company with 100% of its shares. 

Commenting on the acquisition, Markku Simula, president of the Aggregates Equipment business area at Metso, said: ‘Shaorui business is growing and our expectations are positive. Today, they are one of the leading mid-market crushing and screening equipment producers in China, and full ownership provides us with an opportunity to broaden our scope in terms of new markets and offering.’

Share this page

Add new comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Tirzah