Beloit Corporation

Beloit Corporation began in 1858 as a foundry in the Wisconsin city of Beloit and ended in 2000 when it filed for bankruptcy and parts of it were acquired by Metso Paper, a part of Metso Corporation.

The Italian affiliate became PMT Italia under the control of the Nugo Group.

In its early phases, the business offered a variety of iron-based machinery products.

It traded under the names of its founders, as Merrill and Houston Iron Works.

The new owner gave a new name to the company: PMT Italia S.p.A. which stands for Paper Machinery Technology.