Valmet has completed the acquisition of J&L Fiber Services Inc., a manufacturer and provider of refiner segments to the pulp, paper and fiberboard industry. The company is located in Wisconsin, U.S. The enterprise value of the acquisition is approximately Euro 51 million on a cash and debt free basis subject to ordinary post-closing adjustments, as the company said in the press release received by Lesprom Network.
J&L Fiber Services manufactures and supplies low-consistency refiner segments that are important wear parts used in pulp and paper production, complementing Valmet's offering in refiner segments. It also supplies high-consistency refiner segments that are used in thermomechanical pulping and medium density fiberboard (MDF) refining.
The acquired operations employ about 100 people, most of whom are located in Wisconsin, U.S. J&L Fiber Services operates globally through a sales representative and distribution network.
The acquired business becomes a part of Valmet's Services business line, as Waukesha Service Center.
\Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.
