Albany International Boosts Paper Machine Clothing Portfolio with €153M Heimbach Acquisition
Albany International Corp (NYSE: AIN) has agreed to acquire the privately held Heimbach Group for ~€153 million in all cash, including the assumption of €21 million net debt. Headquartered in Düren, Germany, Heimbach is a global supplier of paper machine clothing for the production of all grades of paper and cardboard on all machine types. Heimbach has about 1,200 employees and nine production facilities across Germany, China, Spain, Switzerland, the United Kingdom, Belgium, and Italy. It record
Source: yahoo.com