Metso Corporation's press release on June 28, 2013 at 2:00 p.m. local time
Metso has on June 28, 2013 closed the acquisition of the lime kiln and recausticizing technology of FLSmidth. The acquired business has been affiliated to Metso's Pulp, Paper and Power segment, Fiber business line. The value of the transaction will not be disclosed.
A new lime kiln technology center is established in Copenhagen, Denmark. In total more than 20 employees experienced in the lime kiln and recausticizing business will join Metso in connection to the transaction. The technology center for recausticizing will continue to be located in Karlstad, Sweden.
This acquisition completes Metso's portfolio as a full scope supplier to the pulp industry, and is in line with Metso's strategy to be the leading global supplier of equipment and processes to the pulp and paper industry.
Metso's pulp, paper and power professionals specialize in processes, machinery, equipment, services, paper machine clothing and filter fabrics. Our offering and experience cover the entire process life cycle including new production lines, rebuilds and services.
As of January 2014, Metso's Pulp, Paper and Power business will serve its customers with an even more focused and competitive approach as an independent, listed company, Valmet Corporation*.
*Pending Metso EGM approval.
www.metso.com/pulpandpaper (http://www.metso.com/pulpandpaper), www.metso.com/energy (http://www.metso.com/energy)
www.twitter.com/metsopulppaper (http://www.twitter.com/metsopulppaper), www.twitter.com/metsoenergy (http://www.twitter.com/metsoenergy)
Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd.
www.metso.com (http://www.metso.com/), www.twitter.com/metsogroup (http://www.twitter.com/metsogroup)
For further information, please contact:
Stefan Mattsson, Vice President, Fiber Processing business unit, Fiber business line, Metso, tel. +46 70 653 38 18
Erik Kornfeld, Vice President, Legal, Patents and Business Development, Fiber business line, Metso, tel. +46 70 383 22 84
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Metso Corporation via Thomson Reuters ONE
