Valmet to buy Körber’s Tissue Business Area

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Valmet to strengthen its Process Technologies and Services segments by acquiring Körber’s Business Area Tissue.

Finnish technology and services company Valmethas entered into an agreement to acquire the tissue business ara of Germany's Körber group for €380m. Körber’s Business Area Tissue specialises in innovative converting and packaging technologies and services for the tissue industry. It had net sales of €305m and adjusted Ebitda margin of 12 per cent in 2022, according to Valmet. The business employs around 1,170 employees in Italy, Brazil, the U.S., China and Japan.

The acquisition is expected to be completed at the earliest on 2 November 2023, subject to competition authority approvals, according to the companies.

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