Xerium Technologies Purchases PMA Shoji Assets

Huyck Japan Ltd., the Japan-based subsidiary of Youngsville, N.C.-based paper production clothing and roll cover maker Xerium Technologies Inc., has acquired certain assets and liabilities of PMA Shoji Co. Ltd., a Japan-based Xerium product reseller.

The companies did not disclose the deal’s financial terms. Xerium reports it will transfer eight PMA Shoji employees to its Japanese operations.

“We expect to improve our competitive position in the Japanese market by integrating within our existing Japanese operations an important contributor to our success,” said Cheryl Diuguid, president, Xerium-Asia. “Through the transaction, we expect to provide better customer service and a faster supply chain by strengthening our in-country operations.”

November/December 2006

 

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