Metso acquires Fabco Inc. in the USA

Published Nov 1, 2011 14.00.00 +2 GMT

Metso acquires Fabco Inc. (Fabrication Company of Maine), located in Winthrop, Maine, USA. The acquired business, employing 20 persons, will be affiliated to Metso's Paper and Fiber Technology segment - Filtration Services, as of November 1, 2011. The value of the transaction is not disclosed.

The acquisition will complement Metso’s current services, technology and product offering to the pulp industry in North America, and is in line with Metso's strategy to increase the level of business in the services sector.

Fabco Inc. has been manufacturing and servicing filtration components for the pulp and paper industry for over 30 years. The filtration solutions are offered for different parts of the paper mill; woodyard, pulp mill, paper machine, and waste water treatment. Some of the key manufactured products are disc filter sectors, drum filter covers, belt press belts, sector covers, vibrating & polishing filter screens and recausticizing products.

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 29,000 employees in more than 50 countries.

For more information, please contact:

Bill Bohn, Area President, Paper and Fiber Technology, North America Tel. +1 404 394 5924

Jukka Tiitinen, President, Services business line, Paper and Fiber Technology Tel. +1 404 433 0937, +358 40 740 6178