Xerium Technologies
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Xerium Technologies - overview
Established
1999
Location
Raleigh, NC, US
Primary Industry
Industrial Machinery
About
Xerium Technologies specializes in manufacturing and supplying high-quality paper machine clothing and roll solutions that enhance productivity in the pulp and paper industry. Founded in 1999 and headquartered in Raleigh, US, Xerium Technologies focuses on providing innovative solutions for the pulp and paper sector. The company went public in May 2005, listing on the NYSE under the ticker symbol XRM. The IPO raised approximately USD 160.
80 mn through the sale of 13. 39 million shares at USD 12 each. The current CEO is Sorina Paraschiv. Xerium Technologies offers a wide range of products for the pulp and paper industry, including forming fabrics, press fabrics, dryer fabrics, and engineered industrial fabrics.
In addition to these offerings, the company provides advanced roll covers and services such as repairs, refurbishments, and real-time machine monitoring, ensuring operational efficiency in demanding mill environments. In 2017, Xerium Technologies reported revenues of USD 481. 05 mn and an EBITDA of USD 91. 52 mn.
The company generates revenue through direct sales and partnerships, focusing on customized solutions that meet the specific needs of paper manufacturers. Xerium Technologies aims to leverage its recent IPO funding for future growth initiatives, including the development and launch of new product lines tailored to emerging market demands. The company is targeting expansion into key global markets such as Asia and Europe within the next three years. The IPO, completed on May 16, 2005, was a strategic move to facilitate this growth and enhance its market presence.
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.xerium.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Xerium Technologies - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Xerium Technologies | - | ||||||||
| PIPE | Completed | Xerium Technologies | - |
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