Andritz to acquire Paperchine USA

P&PC Staff
May 31, 2017
By P&PC Staff
May 31, 2017 - International technology Group Andritz has signed a contract for acquisition of Paperchine Inc., owned by AstenJohnson Holdings Ltd., headquartered in Charleston, S.C.

The purchase is subject to approval by the antitrust authorities and is expected to be closed by the end of June.

A global supplier of highly engineered equipment and services to paper manufacturers, Paperchine and its subsidiaries employ a workforce of approximately 180. It operates a manufacturing facility in Vancouver, B.C., along with several others in the United States, Germany and Thailand.

Operating more than 250 sites around the world, Andritz is a supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors as well as for animal feed and biomass pelleting. The company says the acquisition will strengthen its presence in North America and add new products, such as the horizontal GapFormer, SigmaPro headbox, dewatering elements (former Johnson Foils), moisturizer (former VIB), and related service to its offerings for international clients.

“We are very excited about this complementary acquisition that extends the Andritz product range for paper and board machines,” said Michael Pichler, SVP Andritz Global Pulp Drying and Paper Division manager.

AstenJohnson CEO Kevin Frank added, “The sale of Paperchine fits with our strategy to focus on growth in technical textiles, including paper machine clothing, advanced fabric, and nonwovens. Our friends and associates at Paperchine have successfully positioned the company as a leading global brand. They will have the opportunity to continue to grow with the support of Andritz, while building on the strong foundation they have established as a part of the AstenJohnson family.”

Add comment

Disclaimer
Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

Specialty Papers US 2017
September 19-21, 2017
Paperworld China 2017
September 21-23, 2017
Paperex 2017
November 1-4, 2017
European Paper Week 2017
November 28-30, 2017