EANS-News: ANDRITZ acquires furnace specialist Bricmont, USA
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information
Graz (euro adhoc) - Graz, March 29, 2012. International technology Group
ANDRITZ has acquired Bricmont Inc. from Inductotherm Group. Bricmont is
headquartered in Pittsburgh, Pennsylvania, USA, and includes certain assets in
China and India. The company has about 85 employees and generates annual sales
of approximately 30 MEUR. It was agreed not to disclose the purchase price.
ANDRITZ Bricmont supplies furnace systems to the aluminum and steel industries
and further complements the existing furnace product portfolio of the ANDRITZ
METALS business area, which is one of the leading global suppliers of complete
lines for the production and processing of cold-rolled carbon steel, stainless
steel, and non-ferrous metals. The METALS business area also provides turn-key
furnace systems to the steel and copper industries. With the acquisition of
Bricmont, ANDRITZ is thus further enlarging its product offerings in furnaces
and also strengthening its presence in North America, China, and India.
Gary Doyon, CEO of the Inductotherm Group: "The sale of Bricmont to ANDRITZ
focuses Inductotherm on our core strengths in our growing operations in China
and India."
- End -
The ANDRITZ GROUP
International technology Group ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper industry,
solid-liquid separation in the municipal and industrial sectors, the steel
industry, and the production of animal feed and biomass pellets. In addition,
ANDRITZ offers technologies for certain other sectors including automation,
pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass
boilers and gasification plants for energy generation, flue gas cleaning plants,
plants for the production of panelboards (MDF), thermal sludge utilization, and
torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz,
Austria and has a staff of approximately 16,700 employees worldwide. ANDRITZ
operates over 180 production sites as well as service and sales companies all
around the world.
ANDRITZ METALS
ANDRITZ METALS is one of the leading global suppliers of complete lines for the
production and further processing of cold-rolled carbon steel, stainless steel,
and non-ferrous metal strip. These lines consist of equipment for cold rolling,
heat treatment, surface finishing, strip coating and finishing, punching and
deep drawing, and for pickling acid regeneration. The business area also
supplies turnkey industrial furnace systems for thermal processes, such as heat
treatment of slabs and forged pieces, as well as refining furnaces for the
copper industry.
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
--------------------------------------------------------------------------------
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 von: Andritz AG, übermittelt durch news aktuell