Diamond Power Acquires Automatic Port Rodder Cleaning Company in Sweden.Business Editors LANCASTER, Ohio--(BUSINESS WIRE)--March 4, 2002 Diamond Superior AB, Sollentuna, Sweden, a subsidiary of Diamond Power International Inc. (DPII DPII Discovery Partners International, Inc. ), a leader in advanced boiler cleaning technology, has announced its 100 percent acquisition of LT-Produkter Skutskar AB, an automatic port rodder cleaning company in Skutskar, Sweden. The acquisition will reinforce Diamond's leadership position in the supply of boiler cleaning and diagnostic products for the pulp and paper recovery market. The terms of the purchase were not disclosed. "This acquisition is a good one for Diamond Power because it adds to our extensive boiler cleaning product and service lines," said Hans-Erik Mattsson, managing director of Diamond Power Specialty Ltd. "It also will open significant new growth opportunities and provide us with an even stronger presence in the pulp and paper recovery market." LT-Produkter Skutskar AB, located approximately 15 kilometers (9.3 miles) from Gavle, Sweden, has been and will continue to manufacture its port rodder product called (a)Rodding Robot(R), at its Skutskar facility. The product automates air port cleaning in black liquor Black liquor is a byproduct of the Kraft process, (also known as Kraft pulping or sulfate process) during the production of paper pulp. Wood is decomposed into cellulose fibers (from which paper is made), hemicellulose and lignin fragments. recovery boilers to increase steam production and reduce emissions. The inventor of Rodding Robot, Tore Eriksson, founded LT-Produkter Skutskar AB in 1985. The product has a dominant installed base in Scandinavia and has been installed throughout Europe, in Asia, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Australia. Currently, DPII maintains more than 80 field sales, service support, distribution and manufacturing locations worldwide, including affiliated operations in Australia, Brazil, Canada, China, Finland, Germany, Scotland, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , Sweden, and Thailand, with a total employment of more than 1,300 worldwide. Diamond Power International Inc. supplies numerous markets including the pulp and paper, utility, industrial, and refinery industries. Diamond Power International Inc. is a McDermott company (NYSE NYSE See: New York Stock Exchange :MDR MDR, n See multidrug resistance. MDR, n the abbreviation for minimum daily requirement, specifically the Minimum Daily Requirements for Specific Nutrients compiled by the United States Food and Drug Administration. ). McDermott International Inc. is a leading worldwide energy services company. Diamond Power International Inc. affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. and divisions also include Diamond Power Specialty Company in Lancaster, Ohio Lancaster is a city in Fairfield County, Ohio, in the United States. As of the 2000 census, the city population was 35,335. It is located near the Hocking River, approximately 33 miles (53 km) southeast of Columbus, Ohio. , and Diamond Power Specialty Ltd. in Dumbarton, Scotland, leaders in advanced boiler cleaning technology, Diamond Electronics in Lancaster, Ohio, a supplier of specialized closed-circuit television and computer-based systems and Allen-Sherman-Hoff in Malvern, Pa., a supplier of power plant ash handling systems. Editors note: Diamond Power International Inc. news releases and additional information is located on the Internet at www.diamondpower.com (a) Rodding Robot is a registered trademark of Diamond Power International Inc. in the United States and Canada. |
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