Valmet has expanded its spare part and services business for refiners with the 1 May acquisition of the US firm J&L Fiber Services. J&L Fiber Services makes refiner plates for low-consistency refiners in the pulp and paper industry and for high-consistency refiners for use in manufacturing TMP and HDF/MDF. The transaction was based on an enterprise value of €51m on a cash and debt-free basis, subject to ordinary post-closing adjustments.
According to Valmet, J&L Fiber Services had a staff of 100 workers and generated revenues of US$30m in the past 12 months. Its EBITDA margin was put at 15%. The company sells its products around the globe, with roughly three-quarters of its total revenues booked in North America. It will be part of Valmet’s Services division and be known as Waukesha Service Center in the future.
