Valmet has entered into an agreement to acquire Demuth, a Brazilian company specializing in wood handling solutions for the pulp industry. This acquisition will strengthen Valmet's wood handling technology offering and services presence in South America.
The value of the acquisition will not be disclosed. The acquisition is subject to relevant competition authority approvals and is estimated to be completed during the second or third quarter of 2024.
"The acquisition of Demuth is strongly linked to Valmet's strategy to deliver competitive and reliable technologies, services and automation for the pulp, paper and energy industries. Pulp business is growing in South America, both with new greenfield investments and upgrades of the existing mills. By joining Demuth offering and production capabilities with Valmet, we can strengthen our position as a wood handling supplier in the pulp mill segment in South America," says Sami Riekkola, Business Line President, Pulp and Energy, Valmet.
Demuth is a family-owned company established in 1981. The company operates two manufacturing facilities in southern Brazil in the State of Rio Grande do Sul. The net sales of Demuth is around Euro 20-30 million annually and the company employs around 300-400 people.
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.