Finnish equipment provider Metso Outotec has completed the sale of its aluminum business unit to France’s Reel International.
The deal includes Metso’s aluminum assets such as anode rodshops, green anode plants, and cast houses used in aluminum smelters. The transaction was initiated in December 2020. Under the agreement, 120 employees will move from Metso Outotec to Reel. The value of the transaction remains undisclosed.
Metso will continue to participate in other sectors of the aluminum production process such as alumina refineries as well as coke calcination technology. The company is a large provider of plant and machinery for base metal mining and refining companies.