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FL Smidth & Co. A/S (CPSE:FLS) has acquired the Process Group of Groupe Laperrière & Verreault Inc. (TSX:GLV) for $CAD 983 million.
FL Smidth is one of the world’s largest manufacturers of plants, equipment, and supplies to the cement and minerals industries.
GL&V is a world leader in liquid/solid separation technologies used in industrial, municipal and environmental processes. GL&V’s Process Group includes Dorr-Oliver-EIMCO and Krebs Engineers.
In a series of related transactions, GL&V transferred its Pulp and Paper and Manufacturing Groups into a new corporation as FLS acquired the outstanding shares of GL&V, thereby acquiring the Process Group.
Curtis served as valuation advisor to FLS in connection with this transaction.
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