Published Jan 9, 2006 16.00.00 +2 GMT
Metso Paper has concluded the sale of certain assets of its Water Management Business to Groupe Laperrière & Verreault Inc. (GL&V) of Montreal, Canada. The value of the agreement is not disclosed. The divestment primarily covers the assets associated with certain products in the wastewater treatment field, including micro floatation and the FlooBed bioreactor.
Metso Paper will continue to further specialise in water-related business and actions, focusing primarily on the paper and pulp mills productivity, quality and production efficiency improvement.
GL&V is a world leader in liquid/solid separation technologies used in a large number of industrial, municipal and environmental processes. The company is present in 40 countries on six continents and has more than 1,700 employees.
Metso is a global engineering and technology corporation with 2004 net sales of approximately EUR 4 billion. Its 22 000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com
For further information, please contact: Mikko Siiteri Senior Vice President, Strategic Development Metso Paper, Inc. Tel. +358 400 706 729