by Web Editor | 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/.
by Web Editor | Jun 12, 2015 | News
According to estimates made by the organizer Deutsche Messe, visitor numbers at this year’s Ligna 2015 in Hannover increased to roughly 96,000, representing 7% more than those at the 2013 event. With approximately 40,000 visitors from abroad, the proportion of foreign visitors increased by roughly 2% to almost 42%. Most foreign visitors came from Austria, France, Italy, the USA, Great Britain, Russia, Belgium, Poland, Sweden, China and Brazil. The proportion of trade visitors also apparently rose by 2% compared with 2013 figures, to 96%. Deutsche Messe reports that the number of participants from Asia, at 4,700, increased over-proportionally by roughly 68%. Similar strong growth in numbers was shown by visitors from South and Central America, at 68%.
Deutsche Messe and the Wood Processing Machines Trade Association within VDMA (German Machine and Plant Construction Association) have announced a new layout concept for the next staging of Ligna from 22 to 26 May 2017. The three previously spatially separate sections “Solid Wood Processing”, “Furniture Industry” and “Crafts”, which until now dealt with final processing, will be merged in the newly created main product-range section “Tools, Machines and Plant for Custom and Series Production”.
Exhibitors focusing on “Solid Wood Processing” will in the future enjoy priority to be located in Hall 27, as a result of which suppliers will be moved closer to the “Sawmill Technology” section in Hall 25. The associated section “Wood Construction” in Hall 13 will also then be situated in the immediate vicinity. The organizers expect this change to generate synergies between the sections “Surface Processing” in Hall 17 and “Wood Based Panels” in Hall 26. With its own focus in Hall 16, Automation Engineering is to be given greater weight in future.
From EUWID: https://www.euwid-wood-products.com/news/roundwoodsawnwood/single/archive/2015/june/Artikel/ligna-visitor-numbers-up-by-7-to-roughly-96000.html
by Web Editor | Apr 8, 2015 | News
Louisiana-Pacific Reconfigures Management Team
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Louisiana-Pacific Corp. announced several changes to its executive management team. CEO Curt Stevens says, “These changes provide opportunities for LP to benefit from the shared perspectives and best practices across businesses as we continue to develop our top leadership talent.”
Mike Sims becomes senior vice president sales and marketing. He replaces Rick Olszewski, executive vice president of sales, marketing and South America, who is retiring from LP. Frederick Price, president of LP South America, reports to Stevens.
Brad Southern becomes executive vice president OSB, replacing Jeff Wagner, who will retire from LP mid-year. In the interim, Wagner will be executive vice president Growth and Innovation, reporting directly to Stevens.
Brian Luoma becomes executive vice president Siding, replacing Southern in that position. Neil Sherman becomes senior vice president, EWP, replacing Luoma in that position.
Stevens continues, “LP is very fortunate to have a strong bench of management talent; these team members represent decades of industry and LP experience. We were able to make these moves internally as a result of the talent pool within LP and our robust succession planning process. I would also like to thank Rick Olszewski and Jeff Wagner for their important contributions to LP.”
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