Metso acquires Shaorui
Metso has completed its acquisition of a 75 per cent stake in Chinese crushing and screening equipment manufacturer Shaorui Heavy Industries. The deal was announced in November 2012 and its value has not been disclosed. Located in Shaoguan in Guangdong Province, Shaorui makes mid-market crushing and screening equipment and has 330 employees. Metso has an option to purchase the remaining 25 per cent of the company in the future.