Coldwater is the global leader for suction roll seals and plastic dewatering elements and a leading provider of consumables and services to the pulp and paper industry.
March 2, 2022
Valmet has acquired North America-based Coldwater Seals, Inc., a global provider of consumables and services to the pulp and paper industry. Coldwater has manufacturing facilities in the United States and Sweden. The value of the acquisition will not be disclosed.
The Georgia, US-headquartered company manufactures and supplies paper process parts, including – suction roll seal strips, ceramics, plastics, doctoring products, and other specialty products. The company is the global market leader for suction roll seals and plastic dewatering elements. With global operations, the North American company has Technical Service Representatives in more than 70 countries.
In the last twelve months, the company had net sales of approximately EUR 15 million. The acquired operations employ about 60 people, who are located in Atlanta and Appleton in the U.S. and Kil in Sweden.
Aki Niemi, Business Line President, Services at Valmet, says, “We are continuously strengthening our stable business, meaning Services and Automation. This acquisition supports the strategy to expand our consumables offering. I warmly welcome the new skilled professionals to become part of the Valmet team and into our strong, global Services organization.”
“I am convinced that the future of Coldwater is in good hands with Valmet,” adds David Withers, Owner, and CEO of Coldwater Seals Inc.