Valmet has acquired North American-based Coldwater Seals, Inc., a global provider of consumables and services to the pulp and paper industry. Coldwater operates manufacturing facilities in the United States and Sweden. The value of the acquisition will not be disclosed.
Coldwater manufactures and supplies paper process parts, including suction roll seal strips, ceramics, plastics, doctoring products and other specialty products. It is the global market leader for suction roll seals and plastic dewatering elements.
In the last twelve months, the company had net sales of approximately Euro 15 million. The acquired operations employ about 60 people, who are located in Atlanta and Appleton in the U.S. and Kil, Sweden. Coldwater operates globally and has Technical Service Representatives in more than 70 countries.
Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.
