Andritz acquires Asko, USA

Andritz, based in Graz, Austria, has signed a contract to buy Asko, Inc., a family-owned company based in Homestead, PA. It has about 140 employees and annual sales of about $US40 million.

Asko manufactures shear knives, blades, liners, wear plates and accessories for the metals producing, processing and recycling industries. For Andritz, the acquisition further complements the service offerings for the metals industry.

Asko, founded in 1933, serves practically all international metals production companies and delivers its products from four locations: Homestead, PA; Rock Hill, SC; South Holland, IL, and Amsterdam, The Netherlands. Closing is expected in 3Q18.

www.andritz.com

Return to the September 2018 Index

Paper Industry Publishing Office
PO Box 2419, Montgomery, Alabama 36102
Toll Free:1-888-224-6611
Fax: (604) 264-1397
Publisher: Tim Shaddick
Email: info@paperindustrymag.com