The Andritz Group has signed a contract to acquire NSC Group's nonwoven division, encompassing its affiliates Asselin-Thibeau (Elbeuf, France) and NSC Wuxi (Wuxi, China). The acquired companies have approximately 200 employees and generate aggregate annual sales of about €40 million. Andritz has not disclosed the purchase price and the contract, subject to approval by the relevant authorities, is expected to come into force during the fourth quarter of this year. NSC Nonwoven - now Andritz Asselin-Thibeau - supplies systems for drylaid nonwoven production, mainly for textile and hygiene applications.
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