Metso strengthens its position as a leading supplier to the pulp industry by obtaining a license to FLSmidth Lime Kiln and Recausticizing Technology
Metso Corporation's press release on May 28, 2013 at 3:00 p.m. local time
Metso will acquire the lime kiln and recausticizing business of FLSmidth through an exclusive license to the technology concerned. The acquired business will be 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 employing 15-25 persons will be established in Copenhagen, Denmark.
The acquisition will complement 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.
The closing of the transaction is expected to take place during the second quarter of 2013.
Since 1882, FLSmidth has been the leading supplier of equipment, services and expertise for the cement and minerals industries. With more than 15,000 employees and local presence in over 50 countries, FLSmidth is a leading engineering company listed on NASDAQ OMX Exchange Copenhagen.
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.
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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.
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