Metso completes the acquisition of Pacific/Hoe Saw&Knife's blade business in US

HELSINKI, Nov. 16, 2009 (Press Release) -

Metso has completed the acquisition of the coater, creping and doctor blade business of Pacific International, a division of Pacific/Hoe Saw&Knife Company, located in Portland, Oregon, USA. Metso published the acquisition on August 4, 2009 and the businesses were transferred to Metso on November 12, 2009.

The acquisition allows 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. As a result, Metso will become a single source blade consumables provider.

Pacific manufactures a complete line of wood products industry and paper products industry machinery and equipment. Pacific has about 150 employees of which 17 currently work for the Pacific International division and will be relocated by Metso.