GL&V slims down and prepares for growth

Canadian company GL&V is selling its process group to focus on the water treatment business. Its penchant for acquisitions has not deserted it, as CFO Marc Brabeau explains.

In an inspired move, Montreal-based Groupe Laperrière & Verreault (GL&V) announced at the end of April that it plans to sell its process group to Danish concern FLSmidth & Co. (FLS), while simultaneously spinning off its water treatment group and pulp and paper activities into a new listed company. GL&V’s A shares rocketed by almost 40% on the ...

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