NewsMV
A buyout of Russell Mineral Equipment closed July 21, with Singapore investment firm Novo Tellus leading the transaction alongside co-investors RCF and NRFC.
RME holds the position of global leader in mill relining systems, the equipment category that handles liner replacement inside the grinding mills used to process ore at mine sites.
No transaction price was disclosed in the announcement.
What RME does in the maintenance chain Mill relining is the work that happens when the protective liners inside a rotating grinding mill wear down and must be swapped out.
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