Stock Exchange release October 12, 1999 10:00:00 AM CET

Metso's rock processing group acquires a US screen manufacturer

Nordberg Group, the rock processing group of Metso Corporation's Machinery business area, has entered into an agreement to acquire the assets and operations of W.S. Tyler, Incorporated, also known as Centric, an American screen and crusher manufacturer. The acquisition still requires the approval of the US regulatory authorities. The parties have agreed not to disclose the acquisition price. Metso Corporation's shares will be used as payment of the acquisition.

This acquisition will strengthen Nordberg's position as a supplier of screens and classifying solutions for crushed products on the market where the quality and cleanness of crushed materials are becoming subject to increasingly stringent requirements. By combining its own and Centric's expertise, Nordberg will be able to supply more complete solutions for rock processing. Centric's installed base of over 16,000 screens and 4,000 crushers also offers a solid foundation for further developing of the Group's aftermarket business.

Centric is a leading North American manufacturer of screens and feeders used to sort rock and other materials. The company also manufactures crushers and portable crushing plants. Centric's main customers are quarries and mines.

Centric's manufacturing facilities are located in Gastonia, North Carolina, and Columbia, South Carolina. The company also has a small unit in Oakland, California, as well as a branch office in Quebec, Canada. Centric has over 100 years experience in crushing and screening and it markets its products under the brand names Hewitt-Robins, Tyler, Seco and Kue-Ken. Centric's net sales in 1998 totaled approximately to EUR 40 million and it has 300 employees.