McDermott International, Inc. (ticker: MDR, exchange: New York Stock Exchange (.N))
News Release -
Diamond Power Acquires Automatic Port Rodder Cleaning Company in Sweden
LANCASTER, Ohio--(BUSINESS WIRE)--March 4, 2002--Diamond Superior
AB, Sollentuna, Sweden, a subsidiary of Diamond Power International
Inc. (DPII), 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
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 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, 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:MDR). McDermott International Inc. is a leading worldwide energy
services company. Diamond Power International Inc. affiliated
companies and divisions also include Diamond Power Specialty Company
in Lancaster, 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
Editors note: Diamond Power International Inc. news releases and
additional information is located on the Internet at
(a) Rodding Robot is a registered trademark of Diamond Power
International Inc. in the United States and Canada.
||Diamond Power International, Inc.
||Alison Shreyer, 740/687-4275