Metso Sells Valkeakoski Workshop to MSP Engineering and Hanlog

Dec. 28, 2011 (Press Release) - Metso Paper Oy has sold its Valkeakoski, Finland -based workshop and the related equipment and screen basket manufacturing to MSP Engineering Oy and Hanlog Oy.

The value of the deal (a transfer of undertaking) will not be disclosed.

The deal will have no significant impact on Metso’s results.

The personnel of the operations being sold, 76 people in all, are transferring to the new employer as existing employees. A total of more than 300 people are employed at Metso’s entire Valkeakoski unit.

The deal includes the workshop and maintenance hall real estate, the related manufacturing machinery and equipment, the related office premises, and the areas of land associated with the operations being sold. The buyer will continue as a contract manufacturer for Metso.

The sale is part of Metso's Pulp, Paper and Power segment's work to develop its production structure in order to improve customer service amid the toughening global competition.

SOURCE: Metso