Andritz acquires NSC Nonwoven, France and China
Sep 21, 2011. Andritz has signed a contract to acquire NSC Group’s nonwoven division encompassing its affiliates Asselin-Thibeau (Elbeuf, France) and NSC Wuxi (Wuxi, China).
Sep 21, 2011. /Lesprom Network/. 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), as the company said in a press release received by Lesprom Network.
The acquired companies have approximately 200 employees and generate aggregate annual sales of about Euro 40 million. 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 4Q 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.