MONTREAL, Dec. 29 /CNW Telbec/ - GROUPE LAPERRIERE & VERREAULT INC. ("GL&V" or "the Company"; ticker symbols GLV.A, GLV.B/TSX) is pleased to announce the closing of the transaction, disclosed on December 12, 2006, pursuant to which GL&V acquires from Metso Corporation ("Metso") the technologies and certain other assets relating to the pulp washing, oxygen delignification and bleaching business of the Swedish Kvaerner Pulping, including the Compact Press(R) wash press technology, along with Metso's SuperBatch(TM) cooking technology. This transaction follows Metso's acquisition of part of Aker Kvaerner's operations.
About GL&V
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Founded in 1975, GL&V is a world leader in liquid/solid separation technologies used in a large number of industrial, municipal and environmental processes. The Process Group offers an extensive selection of liquid/solid separation solutions intended for metal and minerals processing, as well as industrial and environmental processes used in various other markets such as pulp and paper, energy, chemicals, petrochemicals and food processing. The Pulp and Paper Group specializes in the design and marketing of equipment used in various stages of pulp and paper production, notably pulp preparation and sheet formation, and is a recognized leader in rebuilding, upgrading and optimization services for existing pulp and paper equipment. The Water Treatment Group specializes in the development and marketing of equipment for the treatment of municipal and industrial wastewater, drinking water and process water used in various industrial processes, as well as water intake screening solutions for power stations and refineries. Finally, an operating unit, GL&V Manufacturing, specializes in the production of large custom-made parts for external customers involved mainly in the pulp and paper and energy sectors, as well as GL&V's other units. GL&V is present in 40 countries on six continents and has approximately 2,300 employees.
