Metso to Buy Coater/Blade Unit of Pacific International
Aug. 4, 2009 - Metso said that it has entered into an asset purchase agreement with Pacific/Hoe Saw&Knife Company whereby Metso will acquire the coater and doctor blade business of Pacific International, a division of Pacific/Hoe, located in Portland, Oregon, USA.
Terms of the deal were not disclosed.
Net sales of the purchased business is less than USD 10 million a year, Metso said.
The acquisition will allow Metso to enter a new services market that is currently not in its portfolio, namely coater and creping blades for the pulp and paper machinery. It will also complement Metso's technology offering with ceramic coated blades.