Austria-headquartered technology group Andritz is to acquire NSC Group's nonwoven division encompassing its affiliates Asselin-Thibeau (Elbeuf, France) and NSC Wuxi (Wuxi, China). The acquired companies have around 200 employees and generate aggregate annual sales of some €40 million. It was agreed not to disclose the purchase price. The contract is subject to approval by the relevant authorities and is expected to come in to force during the fourth quarter of 2011.
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