Displaying items by tag: REEL

Germany: France-based REEL has agreed to acquire handling and lifting systems specialist Möller (also known as FLSmidth Hamburg GmbH) from Denmark-based FLSmidth for an undisclosed amount. The company employs 60 people and has reported sales of Euro400m/yr.

FLSmidth Cement President Carsten Riisberg Lund said, “The sale of Möller is part of an on-going process aimed at reshaping FLSmidth’s cement division. Consistent with the corporate strategy we announced earlier this year, we are pursuing a more focused cement portfolio. The new owner has a strong focus on the aluminium and related sectors and is therefore a natural fit for Möller’s future.”