Helsinki, Finland, 15 November 2011 -- Metso has purchased Fabco Inc., a 20-person business that manufactures and services filtration components for the pulp and paper industry. Based in Maine, Fabco is affiliated with Metso's Paper and Fiber Technology segment - Filtration Services, as of 01 November. The value of the transaction was not disclosed.
The acquisition is in line with Metso's strategy to increase its level of business in the services sector. Fabco has been manufacturing and servicing filtration components for the pulp and paper industry for more than 30 years. Its filtration solutions are offered for different parts of the paper mill; woodyard, pulp mill, paper machine, and waste water treatment. The company's product line includes disc filter sectors, drum filter covers, belt press belts, sector covers, vibrating and polishing filter screens, and recausticizing products.