Metso Minerals, a subsidiary of Helsinki, Finland-based Metso Corp. (NYSE: MX - News), purchased Texas Shredder from a group of private investors led by Capital Southwest Corp., a venture capital investment company.

Texas Shredder is a supplier of metal shredder products and accessories. It had unaudited net sales for the fiscal year ended June 30, 2005 of $55.2 million. It has 33 employees.

With this acquisition, Metso Minerals solidifies its position in the North American metal recycling market, which is the largest in the world producing 70 million tons annually.

The San Antonio company will be merged with Metso Minerals' current metal recyling operations to form a new company, Metso Texas Shredder Inc.

Metso Corp. is a global technology company serving the pulp and paper industry, rock and minerals processing, the energy industry and other industries. It has 22,000 employees in 50 countries.