- 20 April 2007 -

GL&V to sell process division

The Board of Directors of Groupe Laperrière & Verreault Inc. (GL&V) has signed a a conditional agreement with international cement and minerals specialist FLSmidth for the latter to acquire GL&V's process division (GL&V Process), which provides separation technology for the metal and minerals industries. The agreement is subject to the approval of at least 75% of GL&V's shareholders.

GL&V Process, which is primarily comprised of the companies Dorr-Oliver Eimco and Krebs, employs some 1,000 people and is expected to post a turnover of approximately CAD 523m (DKK 2.6bn) for the past financial year (1 April 2006 to 31 March 2007).

The acquisition of GL&V Process enables FLSmidth to realise the global growth strategy for its minerals activities, the latter says. FLSmidth says.

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