PMP Group is the leading independent provider of small and medium sized tissue, paper and board machinery solutions. The company offers complete new machines, single units as well as complex machine rebuild projects based on proprietary technology.
PMP Group serves a global customer base with many of the top-tier paper, carton board and tissue producers as repeat clients.
The group covers the entire project value chain, from engineering and R&D to purchasing, manufacturing and final assembly, to after sales services.
The company has 6 operational subsidiaries in Poland, China, the USA and Italy.
Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. Through the acquisition of PMP Group, Valmet strengthens its portfolio in strategic markets, particularly with respect to smaller paper & tissue machines and complex rebuilds.
PMP’s and Valmet’s businesses are highly complementary and both firms expect to enjoy substantial development impulses following the acquisition.
MP managed a competitive bidding process during a dynamic global growth phase of PMP Group and the beginning of the COVID-19 pandemic.
The deal team supported PMP in the necessary preparations to present the group as the leading independent tissue and carton board machine specialist. This allowed for a focused transaction process once the best buyers were on board.
The acquisition is estimated to be completed on October 1, 2020 at earliest.