Consumables

Metso sells spreader roll business

Thursday 29. May 2008 - Metso has sold its spreader roll manufacturing business and related assets in Nokia, Finland to a group of Finnish investors. They will operate the business under the name of Finbow Oy.

The value of the transaction will not be disclosed. The divestment is not material to Metso.
Concurrently with the divestment Metso and Finbow Oy have agreed upon a supply contract for spreader rolls.
The spreader roll manufacturing business, which is part of Metso Paper business area, employs 20 people. They will transfer to Finbow Oy.
The newly formed company, Finbow Oy, is owned by a group of private persons. Most of them have a long experience from working in the paper industry. The Finbow board of directors will be headed by Heikki Pankamaa.
As of May 28, 2008, Urpo Versta is appointed Managing Director of Finbow Oy.