MINERAL PROCESSING: Outotec to buy Larox

FINLAND — Outotec Oyj is making an all-share offer for control of pressure filter maker Larox Corp. Certain Larox shareholders have agreed to the transaction; when it is completed, Outotec will make a mandatory public tender offer for all the remaining Larox shares. The deal works out to a value of €93 million, or approximately C$145 million, for Larox as a whole.

Outotec expects the Larox acquisition will boost Outotec's service business to an annual level of between €250 million and €300 million. Outotec will also gain access to the chemical industry market. Larox technologies are complementary to those offered by Outotec. There are also the usual synergies expected to come by combining the global sales, service and administrative services of the two companies.

To learn more about either company, go to www.Outotec.com or www.Larox.com.