The Polish concern became part of the Valmet Paper business line. Today the PMP Group employs about 650 people in Poland, China, the USA and Italy. In fiscal 2019, net sales were around € 70 million.
“Valmet’s technology and service for fast large format machines, combined with the PMP (Producent Maszyn Papierniczych) portfolio of technologies and services for small and medium-sized paper and paper machines, as well as machines for the production of GIS, creates new business opportunities.
“The deal has been completed as planned,” says Jari Vähäpesola, President of Valmet Paper.
We will work as a single team, offering customers a wider range of products and services.
The transition process has been successfully completed. This is a great moment to open a new chapter in our history, ”says Miroslaw Pietraszek, former president of the PMP Group. – I am convinced that together with Valmet we will create a strong professional team, ready for new challenges.
The purchase price of Valmet from the PMP Group was approximately 64 million euros.
PMP metrics will be included in Valmet’s Q4 2020 financial statements.