Divestment of Metso Panelboard to Dieffenbacher finalized
Metso has finalized the divestment of certain Metso Panelboard's
operations to Dieffenbacher GmbH + Co. KG, Germany. The panelboard
business in Nastola, Finland, and part of the MDF business in
Sundsvall, Sweden, will be transferred to the ownership of
Dieffenbacher on February 1, 2008. The transaction value will not be
disclosed. The transaction does not have a significant impact on
Metso's net income.
The panelboard operations in Finland with all its 60 employees and in
Sweden with its 40 employees will be transferred to Dieffenbacher.
The refiner-related operations in Sundsvall, Sweden, will remain in
Metso's ownership and are not included in the transaction. After the
divestment, the panelboard business will not be reported as a
separate business line but the unit will continue to supply fiber
preparation technology to the global MDF industry as a part of Metso
Paper.
Metso is a global engineering and technology corporation with 2006
net sales of approximately EUR 5 billion. Its more than 26,000
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
Further information, please contact:
Pentti Välimäki, President, Metso Panelboard, +358 40 500 5009
