EANS-News: ANDRITZ acquires NSC Nonwoven, France and China
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Mergers - Acquisitions - Takeovers
Graz (euro adhoc) - Graz, September 21, 2011. International technology Group
ANDRITZ has signed a contract to acquire NSC Group´s nonwoven division
encompassing its affiliates Asselin-Thibeau (Elbeuf, France) and NSC Wuxi (Wuxi,
China). The acquired companies have approximately 200 employees and generate
aggregate annual sales of about 40 MEUR. It was agreed not to disclose the
purchase price; the contract is subject to approval by the relevant authorities
and is expected to come in force during the fourth quarter of 2011.
NSC Nonwoven - now ANDRITZ Asselin-Thibeau - supplies systems for drylaid
nonwoven production, mainly for textile and hygiene applications. The ANDRITZ
PULP & PAPER business area is thus strengthening and complementing its product
range for the nonwovens industry. In combination with the proven products and
technologies of ANDRITZ Küsters and ANDRITZ Perfojet, ANDRITZ will be able to
supply complete vertical system solutions for production of nonwovens to its
customers.
- End -
The ANDRITZ GROUP
The ANDRITZ GROUP is a globally leading supplier of plants and services for the
hydropower, pulp and paper, metals, and other specialized industries
(solid/liquid separation, feed, and biofuel). The Group is headquartered in
Graz, Austria, and has a staff of approximately 16,100 employees worldwide.
ANDRITZ operates over 180 production sites, service, and sales companies all
around the world.
Further inquiry note:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
end of announcement euro adhoc
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company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English
Original content of: Andritz AG, transmitted by news aktuell