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Ahlstrom outlines revised strategy
INDEX/NEWS
Filtration Company Index Ahlstrom Alfa Laval Amiad Andritz Aqua-Nu Filtration Systems Aquatech Asahi Kasei Biorem Cantel Medical Ceco Environmental Christ Water Clarcor CLC Air Crane Cummins Cummins Filtration Dantherm Donaldson Duoyuan Global Water DuPont Eaton Elmarco Enagic Entegris ESCO Technologies Fiberweb Filtran Flanders FLSmidth Gamma Holding GE GEA GEA Niro GLV Griffin Filters GUD Holdings H2O Innovation Hollingsworth & Vose Hyflux ItN ITT ITT Saudi Kaydon Koch Membrane Systems Kubota Larox Lydall 3M Mann+Hummel MemPro Ceramics Memstar Met-Pro Metso MFRI Millipore Modern Water Nalco Natco Al-Rushaid Nitto Denko Outotec Pall Parker Hannifin Parkson Pentair PMFG Polypore Porvair ProSep Puradyn Puronics Sartorius Schroeder Seprotech Seychelle Environmental Siemens Siemens Water Technologies Sinomem SPX SPX Global Sulzer Tamfelt Tomoe Engineering Toray United Envirotech Watts Water Xebec Adsorption
2
Filtration Industry Analyst
2,3,14,15 14,15 3,9,15 9,14,15 14 13 15 12,13 3,10,15 15 2 3,10,15 3 4,15 4,15 14 11,15 14,15 15 15 4,15 14 14 15 15 3,15 2 15 15 5,14,15 14,15 14,15 14 2,15 13 14,15 13,15 3 15 15 3,15 4 4,15 12,14 14 1,15 12,15 15 12 14 13,15 4,15 2,14 15 5,15 5 7 5 15 1 3,11,15,16 4,14,15 5 4,15 12,15 15 15,16 13,15 15 5 14,15 14 5 15 14,15 12 15 2,15 13 14 2 15 12,15 8,15 4,15 12
Metso bids for Tamfelt
M
etso is to make a public tender offer to purchase all of the issued and outstanding shares in Tamfelt, a leader in technical textiles. The Finnish engineering company will offer Tamfelt shareholders three new Metso shares for each 10 Tamfelt shares they hold and E0.35 for Tamfelt stock options. The Tamfelt board is recommending Metso’s offer. “We highly value the competencies and long history of Tamfelt and welcome Tamfelt shareholders to continue the tradition as Metso shareholders,” said Jorma Eloranta, president and CEO of Metso. “The focus of the markets is shifting increasingly outside Europe. We believe that Metso’s global network and strong position also in the emerging markets will further strengthen Tamfelt’s competitiveness also in these areas. The combination is a continuation to our longterm and successful co-operation. As both companies are technology leaders in their respective areas, we believe it will accelerate technological development in the future,” said Tamfelt board chairman Mikael von Frenckell. Tamfelt develops, manufactures and markets paper and board machine clothing such as forming fabrics, felts and belts as well as wet and dry filtration media for the pulp and paper, mining and chemical industries and energy production. After the acquisition Tamfelt will continue its operations as a business line in Metso’s Paper and Fiber Technology segment. Metso expects to close the deal in the first quarter of 2010 at the latest.
For further information, visit www.metso.com and www.tamfelt.com
Ahlstrom outlines revised strategy
A
hlstrom Corp has completed its strategy review process which it started in April, clarifying the future direction and ambitions of the company. Going forward, the development of Ahlstrom’s business operations will be based on profitable growth, with an increased focus on Asia. The company also aims to manage its balance sheet and reduce its gearing ratio. The strategy’s longterm target is to strengthen Ahlstrom’s competitive position
and generate returns that are in line with the company’s financial targets. Under the revised strategy, Ahlstrom’s operations will be based on two distinct business models - one based on providing customers with added value products and the other on operational excellence. Ahlstrom says that the value-added business will be the company’s primary growth engine, developing through organic growth and possibly through small acquisitions. The cluster will include the Fiber Composites segment’s Advanced Nonwovens and Glass & Industrial Nonwovens business areas as well as the Filtration business area’s transportation and liquid filtration media. It will also include the Technical Papers business area’s crepe papers and vegetable parchment from the company’s Specialty Papers segment. Meanwhile the operational excellence business will support Ahlstrom’s growth. The main focus will be on developing cost effective products serving customer needs. The cluster includes the Specialty Papers segment’s Release & Label Papers business area and the majority of the Technical Papers business area. It will also include the Fiber Composites segment’s Home & Personal Nonwovens business area and the Filtration business area’s air filtration media. For further information, visit www.ahlstrom.com
Christ Water’s boards support GLV’s voluntary takeover bid
C
hrist Water Technology AG’s management and supervisory boards are recommending that the company’s shareholders accept GLV Inc’s voluntary takeover bid to purchase up to 100% of CWT shares for a cash consideration of E3.35 per share (see Filtration Industry Analyst, October 2009). GLV’s management is aiming to close the deal in November 2009.
For further information, visit www.glv.com and www. christ-water.com
SPX completes Filtran divestment
S
PX Corp has finalized the sale of its automotive filtration solutions
November 2009
Filtration Company Index Ahlstrom Alfa Laval Amiad Andritz Aqua-Nu Filtration Systems Aquatech Asahi Kasei Biorem Cantel Medical Ceco Environmental Christ Water Clarcor CLC Air Crane Cummins Cummins Filtration Dantherm Donaldson Duoyuan Global Water DuPont Eaton Elmarco Enagic Entegris ESCO Technologies Fiberweb Filtran Flanders FLSmidth Gamma Holding GE GEA GEA Niro GLV Griffin Filters GUD Holdings H2O Innovation Hollingsworth & Vose Hyflux ItN ITT ITT Saudi Kaydon Koch Membrane Systems Kubota Larox Lydall 3M Mann+Hummel MemPro Ceramics Memstar Met-Pro Metso MFRI Millipore Modern Water Nalco Natco Al-Rushaid Nitto Denko Outotec Pall Parker Hannifin Parkson Pentair PMFG Polypore Porvair ProSep Puradyn Puronics Sartorius Schroeder Seprotech Seychelle Environmental Siemens Siemens Water Technologies Sinomem SPX SPX Global Sulzer Tamfelt Tomoe Engineering Toray United Envirotech Watts Water Xebec Adsorption
2
Filtration Industry Analyst
2,3,14,15 14,15 3,9,15 9,14,15 14 13 15 12,13 3,10,15 15 2 3,10,15 3 4,15 4,15 14 11,15 14,15 15 15 4,15 14 14 15 15 3,15 2 15 15 5,14,15 14,15 14,15 14 2,15 13 14,15 13,15 3 15 15 3,15 4 4,15 12,14 14 1,15 12,15 15 12 14 13,15 4,15 2,14 15 5,15 5 7 5 15 1 3,11,15,16 4,14,15 5 4,15 12,15 15 15,16 13,15 15 5 14,15 14 5 15 14,15 12 15 2,15 13 14 2 15 12,15 8,15 4,15 12
Metso bids for Tamfelt
M
etso is to make a public tender offer to purchase all of the issued and outstanding shares in Tamfelt, a leader in technical textiles. The Finnish engineering company will offer Tamfelt shareholders three new Metso shares for each 10 Tamfelt shares they hold and E0.35 for Tamfelt stock options. The Tamfelt board is recommending Metso’s offer. “We highly value the competencies and long history of Tamfelt and welcome Tamfelt shareholders to continue the tradition as Metso shareholders,” said Jorma Eloranta, president and CEO of Metso. “The focus of the markets is shifting increasingly outside Europe. We believe that Metso’s global network and strong position also in the emerging markets will further strengthen Tamfelt’s competitiveness also in these areas. The combination is a continuation to our longterm and successful co-operation. As both companies are technology leaders in their respective areas, we believe it will accelerate technological development in the future,” said Tamfelt board chairman Mikael von Frenckell. Tamfelt develops, manufactures and markets paper and board machine clothing such as forming fabrics, felts and belts as well as wet and dry filtration media for the pulp and paper, mining and chemical industries and energy production. After the acquisition Tamfelt will continue its operations as a business line in Metso’s Paper and Fiber Technology segment. Metso expects to close the deal in the first quarter of 2010 at the latest.
For further information, visit www.metso.com and www.tamfelt.com
Ahlstrom outlines revised strategy
A
hlstrom Corp has completed its strategy review process which it started in April, clarifying the future direction and ambitions of the company. Going forward, the development of Ahlstrom’s business operations will be based on profitable growth, with an increased focus on Asia. The company also aims to manage its balance sheet and reduce its gearing ratio. The strategy’s longterm target is to strengthen Ahlstrom’s competitive position
and generate returns that are in line with the company’s financial targets. Under the revised strategy, Ahlstrom’s operations will be based on two distinct business models - one based on providing customers with added value products and the other on operational excellence. Ahlstrom says that the value-added business will be the company’s primary growth engine, developing through organic growth and possibly through small acquisitions. The cluster will include the Fiber Composites segment’s Advanced Nonwovens and Glass & Industrial Nonwovens business areas as well as the Filtration business area’s transportation and liquid filtration media. It will also include the Technical Papers business area’s crepe papers and vegetable parchment from the company’s Specialty Papers segment. Meanwhile the operational excellence business will support Ahlstrom’s growth. The main focus will be on developing cost effective products serving customer needs. The cluster includes the Specialty Papers segment’s Release & Label Papers business area and the majority of the Technical Papers business area. It will also include the Fiber Composites segment’s Home & Personal Nonwovens business area and the Filtration business area’s air filtration media. For further information, visit www.ahlstrom.com
Christ Water’s boards support GLV’s voluntary takeover bid
C
hrist Water Technology AG’s management and supervisory boards are recommending that the company’s shareholders accept GLV Inc’s voluntary takeover bid to purchase up to 100% of CWT shares for a cash consideration of E3.35 per share (see Filtration Industry Analyst, October 2009). GLV’s management is aiming to close the deal in November 2009.
For further information, visit www.glv.com and www. christ-water.com
SPX completes Filtran divestment
S
PX Corp has finalized the sale of its automotive filtration solutions
November 2009