Raute Corporation Acquires Metriguard Inc.

by | Apr 3, 2017 | News

Raute Corporation and the owners of Metriguard, Inc. have agreed on the purchase of the business of Metriguard Inc., Pullman, Washington, USA.

Metriguard, established in 1972, is the world leader in high speed strength grading technology for lumber and veneer. Metriguard sells and provides services for its equipment globally, with installations in North and South America, Europe, Asia, Africa, Australia and New Zealand.

Metriguard’s products and technology are complementary to Raute’s current product offerings. Over the years, Metriguard’s products have been integrated into dozens of Raute’s deliveries. Metriguard’s net sales were USD 4.6 million in 2016, with an EBIT of USD 0.8 million, and it employs 26 people.

Metriguard’s business will continue by a newly established Raute’s subsidiary Metriguard Technologies, Inc. Its financials will be reported as part of Raute’s wood products technology segment. The acquisition is deemed to have a positive effect on Raute’s net sales in 2017 and on its financial results starting from 2018.

The acquisition is made as an asset purchase. Intangible assets, working capital and fixed assets, except real estate, are acquired. Metriguard’s personnel will transfer in along with the acquisition. The purchase price, estimated at USD 4.5 million, is paid in two installments. A base purchase price of USD 3.1 million is paid at closing, additionally there will be an earn-out payment based on net sales for a 12-month period following closing of the transaction.

For more information visit https://www.raute.com/.

Washington State Creates Grad Scholarship In Maloney’s Name

by | Feb 18, 2015 | News

From: Panel World Staff

Washington State University is establishing the Thomas M. Maloney Graduate Scholarship through the Voiland College of Engineering & Architecture.

Maloney, who died June 18 in Pullman, Wash. at age 83, was prominent in the development of many facets of the wood based panel industry, especially composite board, through his long association with WSU as professor of Mechanical & Materials Engineering and director of the Wood Materials & Engineering Lab.

“After consulting with Tom’s family, we all agreed that an endowed scholarship would be a fitting tribute to honor Tom’s commitment to education as we know he would be pleased to help deserving graduate students working in the field of wood composites and engineering,” the university stated.

The university has established a goal of $100,000 for this endowment. All donations will be acknowledged by the WSU Foundation and communicated to the Maloney family.

Any questions or for assistance in making a donation contact Bridget Pilcher at pilcher@wsu.edu or call 509-335-0144. Make checks payable to “WSU Foundation” and note “Maloney Scholarship.” Mail to WSU Foundation, Box 641925, Pullman, WA 99164-1925.