On Thursday October 8th, a welcoming event was held at the M&J facility in Horsens. Christoffer Ribbing presented Metso Group and its Recycling business line, as well as answered questions from the new Metso colleagues. The integration of the two companies into one is now about to start.
“Horsens will become our center of excellence for the waste recycling unit. We have no intentions for transferring any production or any jobs from Horsens to Dusseldorf.” Christoffer Ribbing, President of Recycling business line states.
“M&J has state of the art crushers and a large installed base. But we are a small company, with limited capablilites. In the global game, companies like ours will not stand a chance. We need to follow the trends, and become solutions providers. With a strong owner like Metso we can continue to develop our business, but with the muscles of a large company, “Kim Buchwald, CEO of M&J Industries explains.
The acquisition of M&J Industries is a clear step in Metso´s strategic direction to focus on bio-energy and waste-to-energy solutions. From an EET perspective, this acquisition complements the offering from Power business line as a world leading provider of bio-energy boiler solutions, with the fuel handling equipment from M&J Industries. Already now, M&J crushers are up and running at plants to which Metso has delivered the boiler. One example is E.ON Norrköping Värmeverk where Power business line has provided the boiler, and the waste crusher was delivered by M&J.
“This acquisition confirms Metso´s strong commitment to bio energy and waste to energy solutions. M&J is a perfect fit for Metso”, Pasi Laine, President of the EET segment comments.
M&J Industries were previously owned by a private equity fund, and now the management of the company is happy to have gotten a more long term focused, industrial owner in Metso.
“We are striving to be global market leader in this field, and it is crucial for us to own the core technology. I have great confidence in this new business unit, and I am looking forward to see its progress”, Christoffer Ribbing explains further.