We are a leading global supplier of equipment used in process industries, including
papermaking, paper recycling, and oriented strand board (OSB), an engineered
wood panel product used primarily in home construction. In addition, we manufacture
granules made from papermaking byproducts. We have a large customer base that
includes most of the worlds major paper and OSB manufacturers. We believe our
large installed base provides us with a spare parts and consumables business
that yields higher margins than our capital equipment business.
Our continuing operations are comprised of two reportable operating segments,
Papermaking Systems and Wood Processing Systems, and a separate product line,
Fiber-based Products. Through our Papermaking Systems segment, we develop, manufacture,
and market a range of equipment and products for the global papermaking, paper
recycling, and other process industries. Through our Wood Processing Systems
segment, we design, manufacture, and market stranders and related equipment
used in the production of OSB and sell debarking and wood chipping equipment
used in the forest products and the pulp and paper industries. Through our Fiber-based
Products business, we manufacture and sell granules derived from pulp fiber
for use as carriers for agricultural, home lawn and garden, and professional
lawn, turf and ornamental applications, as well as for oil and grease absorption.
Our Papermaking Systems segment has a long and well-established history of
developing, manufacturing, and marketing equipment for the global papermaking
and paper recycling industries. Some of our businesses or their predecessor
companies have been in operation for more than 100 years. Our customer base
includes major global paper manufacturers and we believe we have one of the
largest installed bases of equipment in the pulp and paper industry. We manufacture
our products in nine countries in Europe, North and South America, and Asia.
We develop, manufacture, and market complete custom-engineered systems and
equipment, as well as standard individual components, for pulping, de-inking,
screening, cleaning, and refining primarily recycled fiber for preparation for
entry into the paper machine, and recausticizing and evaporation equipment and
systems used in the production of virgin pulp.
We develop, manufacture, and market a wide range of doctoring, cleaning, and
filtration systems and related consumables that continuously clean rolls to
keep paper machines running efficiently; doctor blades made of a variety of
materials to perform functions including cleaning, creping, web removal, flaking,
and the application of coatings; profiling systems that control moisture, web
curl, and gloss during paper converting; and systems and equipment used to continuously
clean paper machine fabrics and rolls, drain water from pulp mixtures, form
the sheet or web, and filter the process water for reuse.
We develop, manufacture and market rotary joints, precision unions, steam and
condensate systems, components, and controls used primarily in the dryer section
of the papermaking process and during the production of corrugated boxboard,
metals, plastics, rubber, textiles, chemicals, and food.
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