Valmet to acquire tissue rewinder business from Massimiliano Corsini srl. Italy to strengthen its product portfolio
Valmet Corporation's press release on July 31, 2015 at 2:00 p.m. EET
Valmet and Massimiliano Corsini srl. have signed a Sale and Purchase Agreement of MC Paper Machinery and Focus Rewinding business to Valmet on July 31, 2015. The acquisition is estimated to be completed by August 6, 2015.
The acquired operations mainly supply rewinders for tissue and non-woven machines. In the past years the net sales of the acquired business has been around EUR 10 million. The operations employ 33 people and are located in Pescia, close to Lucca, Italy.
Combination of Valmet and MC Paper Machinery creates complete customer offering
As a result of the acquisition, Valmet will have a more extensive product portfolio and becomes a stronger technology and services company in its field. The acquisition strengthens Valmet's competitiveness by combining tissue making equipment from stock preparation to rewinding, process know-how, automation and services into one customer value-adding entity.
Valmet and MC Paper Machinery have had a long-term partnership and a large amount of MC Paper rewinders have been installed in connection to Valmet tissue machines.
The company being acquired is a strong business, with established customer relations and a high level of technology and know-how, including the successful Focus technology. During the last 20 years MC Paper Machinery has become world leading in designing and manufacturing rewinding plants specifically devoted to the field of non-woven and tissue paper.
Through the acquisition, Valmet strengthens its offering and continues to develop its business.
Strengthened tissue market position
"Valmet and MC Paper Machinery share the same determination to offer leading technologies, with highest customer satisfaction. Through the acquisition, Valmet will become a technology and service company with a wider offering of high technology equipment for tissue production. By combining tissue paper and re-winding machinery with process know-how, automation and services and global presence from both companies, we can serve the tissue producers even better than before and move our customers' performance forward," says Anders Björn, Vice President of Valmet's Tissue Mills Business Unit.
For further information, please contact:
Anders Björn, Vice President, Valmet Tissue Mills Business Unit, tel. +46 54 17 13 38
Massimiliano Corsini, President, MC Paper Machinery and Focus, tel. +39 349 75 71 752
Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.
Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.
Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.