AstenJohnson,Heimbach tomerge PMCbusinesses
The shareholders and boards of AstenJohnson and Heimbach are in advanced negotiations to merge thepaper machine clothing and advanced fabric businesses of both companies. Together they employ over3,400 employees globally, with manufacturing facilitiesin North America, Europe and Asia. The merger issubject to further due diligence and approval by competition law authorities and is expected to close in thesecond half of 2019.
The Heimbach technical textiles and filtration businesses and the AstenJohnson Eagle nonwovens andFoss performance materials businesses will not be partof the transaction.
The companies share a history of family ownershipthat dates back well over 200 years and they have alasting association as global partners in technology.They believe the combination presents an unparalleledopportunity to provide customers in the pulp andpaper industry with a unique world-class suite of products, services and solutions.
AstenJohnson manufactures pulp & paper machineclothing, advanced and filtration fabrics, filaments,and nonwoven fabrics for filtration, automotive, cured-in-place piping and composites. It employs about 2,100people and its corporate headquarters is in Charleston,SC, USA.
Heimbach supplies products and services supplyingpaper machine clothing to the paper industry. Its mainexpertise is in development, manufacture and sales offorming fabrics, press felts, dryer fabrics and transferbelts for paper machines. Based in Düren, Germany, ithas nine production sites and employs about 1,300people.