Milwaukee-based Rexnord Industries LLC has sold certain intellectual property rights related to its Falk Mill Products business to Helsinki, Finland-based Metso for an undisclosed price.
Metso is a process performance provider that develops solutions to improve the availability and reliability in minerals processing and flow control.
Metso will manufacture replacement mill and kiln gears and pinions for its customers using drawings and specifications from Rexnord. The company will make the replacement parts for those who purchased the Rexnord products through Metso and certain other end users.
Some Rexnord mill products specialists will join Metso to assist with the business.
“This acquisition is consistent with Metso’s aim to continue being a complete supplier of replacement parts and service for our installed equipment,” said Andy Fritz, senior vice president, Comminution, Metso. “This added capability will increase Metso’s ability to provide not only the replacement parts and services for open gearing, but also additional technical competence in gears and pinions and the quality requirements necessary to produce these components.”
Rexnord is divided into two divisions: Process & Motion Control and Water Management. It has about 7,400 employees globally.