ContiTech Expands Business with Industrial Conveyor Belts
The ContiTech Conveyor Belt Group, Northeim, is strengthening its conveyor belts business for industrial applications with the acquisition of Metso’s industrial conveyor belt operations based in Helsinki/Finland. The transaction scope includes a production plant in Kalkku, Finland, where ContiTech will continue to manufacture conveyor belts for the use in areas such as quarries, the ore industry, in-factory transport as well as the paper and food industry. ContiTech also acquires the related sales & service locations in Finland. In total ContiTech will take over approximately 130 Metso employees. Both sides have agreed not to disclose the purchase price. Transfer of the business is scheduled for Q4 2013.
