Middletown, Ohio, USA 02 April 2019 -- (From news reports) -- Triosim Corporation, in the pulp and paper industry, is expanding its network of companies by acquiring MTR Martco LLC, based in Middletown.
MTR Martco supplies stock-prep technologies, upgrades and optimization services, rebuilds and spare parts for companies active in the pulp and paper industry throughout the U.S., Mexico and Canada.
"The acquisition is an excellent strategic fit," said James Hickman, founder and CEO of Triosim. "Adding MTR Martco strengthens Triosim's business, complements our technology offering, and expands our local presence and capabilities in North America. Combining Triosim's existing operations with MTR's product and services creates an opportunity to better serve our customers."
Terms of the deal were not disclosed.
The Middletown company specializes in rotor rebuilds; onsite precision mechanical maintenance services; stock prep drive rebuilds; extraction plate, recondition, design, and manufacturing; high efficiency rotor, new and conversions of existing; screening parts; in house design and fabrication of new stock preparation equipment and other rebuilds.
"We're extremely excited to be part of the Triosim Group," said Ray McIntosh, owner and CEO of MTR Martco LLC. "This acquisition allows us to expand on our rich history, deliver additional value, and benefit our customers and employees."
Triosim is a provider of technologies, upgrades and process optimization services, rebuilds and spare parts for the pulp and paper industry. Specific industry focuses include pulp washing, woven machine fabrics, stock preparation, onsite mechanical maintenance services, metrology, nondestructive testing and fishing equipment.
The company has multiple locations throughout the U.S., including Appleton, Wisconsin; Jacksonville, Florida; Panama City, Florida; Star City, Arkansas; Vancouver, Washington; Middletown, Ohio; Carrollton, Georgia; and Prince George British Columbia, Canada.