Valmet on December 21 entered into an agreement to acquire Demuth, a Brazilian company specializing in wood handling solutions for the pulp industry. This acquisition will strengthen Valmet’s wood handling technology offering and services presence in South America.
The value of the acquisition will not be disclosed.
The acquisition is subject to relevant competition authority approvals and is estimated to be completed during the second or third quarter of 2024.
Demuth is a family-owned company established in 1981. The company operates two manufacturing facilities in southern Brazil in the State of Rio Grande do Sul. The net sales of Demuth is around EUR 20-30 million annually and the company employs around 300-400 people.