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AstenJohnson, Heimbach paper machine clothing businesses call off merger
August 30, 2019 By P&PC Staff
The AstenJohnson and Heimbach paper machine clothing businesses have cancelled their pending merger.
“We regret to announce that the proposed transaction to merge the Heimbach and AstenJohnson PMC (paper machine clothing) businesses has been called off,” says AstenJohnson CEO Kevin Frank in a release. “While both companies have a high level of respect for each other and saw great potential to merge, the obstacles simply proved too great to overcome at this time.”
AstenJohnson, a global manufacturer of pulp and paper machine clothing, advanced and filtration fabrics, filaments, and nonwoven fabrics for filtration, automotive, cured-in-place piping and composites, says it continues to focus on its PMC and nonwovens business while searching for future strategic growth opportunities.
AstenJohnson employs approximately 2,100 people. Its corporate headquarters is in Charleston, South Carolina.
Heimbach is a manufacturer of clothing for the paper industry with 1,402 employees, headquartered in Germany with locations around Europe and Asia.
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