Valmet completed the acquisition of PMP Group for $77m.

Valmet, a developer and supplier of technologies, completed the acquisition of PMP Group, a paper & pulp machines manufacturer, for $77m. “Joining to Valmet opens a new chapter in PMP’s rich history in the pulp and paper industry and represents a huge leap forward for our future development. I am convinced that the joint technological, production and human resources in our key markets will allow us to reach new heights and ultimately benefit the advancement of the entire paper industry,” Miroslaw Pietraszek, PMP Group President.