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Company / merger / takeover / participation
Graz – December 4, 2020. The international technology group ANDRITZ has signed an agreement with Laroche, based in Cours, France, to acquire LM Industries – consisting of Laroche SA and Miltec SA, France. ANDRITZ takes over all Laroche companies and their global business. Subject to the approval of the acquisition by the ANDRITZ Supervisory Board, the closing of the transaction is expected in early 2021.
Laroche is a leading supplier of fiber processing technologies such as fiber opening, mixing and dosing, airlay fleece formation, recycling of textile waste and debarking of bast fibers (decortication). The product portfolio complements the existing ANDRITZ Nonwoven product range. ANDRITZ can now cover the entire supply and value chain – from raw material to fiber opening and blending, web formation, consolidation, refinement, drying and further processing. Laroche’s high-performance technologies for fiber opening and mixing expand the ANDRITZ scope of supply for spunlace, needle punch and wetlaid production lines. In addition, the two companies have agreed to further develop their existing technologies for high-speed, high-capacity applications and to pursue the development of textile recycling processes in order to successfully meet the upcoming changes in the industry.
Laroche SA has been developing fiber processing technologies for over 100 years. With integrated production, the company supplies lines for a wide variety of industries / products: spinning mills, mattresses and furniture, the automotive industry, sound and heat insulation, geotextiles, filtration, wet wipes and much more.
Robert Laroche, Managing Director of Laroche: “This acquisition is the logical consequence of the successful, long-term business relationship between ANDRITZ and Laroche. We have been working closely together for more than ten years and are very much looking forward to becoming a member of the ANDRITZ family.”
Andreas Lukas, Senior Vice President und Division Manager, ANDRITZ Nonwoven:
“With the addition of the most modern products to our existing range and Laroche’s expertise, ANDRITZ Nonwoven will further strengthen its position in the market and in technology.”
– The End –
ANDRITZ GROUP
The international technology group ANDRITZ supplies a broad portfolio of innovative plants, equipment, systems and services for the pulp and paper industry, the hydropower sector, the metalworking industry and forming technology, pumps, municipal and industrial solid-liquid separation and animal feed. and biomass pelleting. The global range of products and services is rounded off by systems for energy generation, recycling, and the production of nonwovens and fibreboard, as well as automation and digitization solutions – offered under the Metris technology brand. The listed group has around 27,800 employees and over 280 locations in more than 40 countries.
End of the announcement euro adhoc
Issuer: Andritz AG
Stattegger Strasse 18
A-8045 Graz
Phone: +43 (0) 316 6902-0
FAX: +43 (0)316 6902-415
Email: [email protected]
WWW: www.andritz.com
ISIN: AT0000730007
Indizes: ATX, WBI
Exchanges: Vienna
Language: German
Inquiries & contact:
Dr. Michael Buchbauer
Head of Corporate Communications
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
[email protected]
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