Metso completes sale of grinding media business to Moly-Cop

Metso has completed the divestment of its grinding media business to Moly-Cop, a portfolio company of American Industrial Partners.

The divestment, announced on November 6, includes the sale of Metso Spain Holding SLU, which is made up of operations in Bilbao and Seville, Spain. As part of the transaction, some 80 employees have transferred from Metso to Moly-Cop.

The turnover of the divested business was around €60 million ($68.44 million) in 2018.

Earlier this week, Metso announced the planned acquisition of HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.