The deal is expected to be completed by the end of the year. The value of the Jelenia Góra paper machine plant is approximately 64 million euros.
“The acquisition will combine companies with different consumer segments,” says Jari Vähäpesola, president of Valmet’s paper business.
– The PMP (Producent Maszyn Papierniczych) portfolio of technologies and services for small and medium-sized cardboard and paper machines, as well as machines for sanitary ware will be a good addition to our technology and services for fast large format machines
With PMP products, their expertise and position in strategic markets, we will create new business areas and further strengthen our service capabilities for paper, board and GIS producers.
PMP has a very qualified team, I am glad to welcome them to Valmet!
In fiscal 2019, PMP had sales of around € 70 million. The company employs 650 people, most of whom work in Poland (Jelenia Gora, Swiecie), and the rest in China (Changzhou), USA (South Beloit) and Italy (Lucca).
“Dear customers, business partners and friends! – the president of PMP Group Miroslaw Pietraszek addressed his colleagues on the day of signing the deal.
On behalf of the Board, I am pleased to inform you that we are joining forces with Valmet Corporation, a leading provider of technology, automation and services for the pulp, paper and energy industries.
Taking into account the dynamically changing world and the needs of our clients, PMP management was looking for the best way to grow the business.
Over the years, we have consistently built up the PMP brand credibility. We are proud of our achievements: more than 300 recommendations in more than 30 countries on 6 continents, both in the paper industry and the GIS sector.
A significant portion of our projects have been completed for Blue Chip partners, the world’s most respected paper and tissue corporations. Our comprehensive upgrades and multiple deliveries of equipment have been noticed by many. Thank you for your trust and fruitful cooperation!
As an ambitious team, we strive to meet your needs in the best possible way. Valmet’s acquisition of the PMP Group will expand our product line with solutions that have not been available in our portfolio until now.
Synergy of talents will help create innovative developments. Our expertise in creating cost-effective solutions combined with Valmet technology will bring many benefits to paper manufacturers.
Stay tuned for updates – as a new team, we plan to create products that are not on the market today, because together we are stronger. I would like to take this opportunity to assure you that we will continue to fulfill all our contracts and obligations.
PMP’s product portfolio, expertise and global presence, combined with Valmet’s technological leadership, especially in the large machine segment, will open up new, unexplored niches.
The combination of the principles of PMP – Passion First and Valmet – Forward will create a unique professional and strong team.
I believe that you will appreciate our initiative. The new era of PMP has just begun!
Sincerely yours, Miroslav Pietrashek “