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Metso completes the acquisition of the coater, creping and doctor blade business from Pacific/Hoe Saw&Knife Company in the United States

Metso has completed the acquisition of the coater, creping and doctor blade business of Pacific International, a division of Pacific/Hoe Saw&Knife Company, located in Portland, Oregon, USA. Metso published the acquisition on August 4, 2009 and the businesses were transferred to Metso on November 12, 2009.

The acquisition allows Metso to enter a new services market that is currently not in its portfolio, namely coater and creping blades for the pulp and paper machinery. It will also complement Metso's technology offering with ceramic coated blades. As a result, Metso will become a single source blade consumables provider.

Pacific manufactures a complete line of wood products industry and paper products industry machinery and equipment. Pacific has about 150 employees of which 17 currently work for the Pacific International division and will be relocated by Metso.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 26,500 employees in more than 50 countries. www.metso.com

For more information, please contact: Jukka Tiitinen, President, North America, Paper and Fiber Technology, Metso, tel. +1 404 4330937 Harri Nikunen, Senior Vice President, Finance, Paper and Fiber Technology, Metso, tel. +358 20 484 2251 Kari Lindberg, Vice President, Service, Paper business line, North America, tel. +1 404 394 5923