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Heimbach and Asten Johnson to merge paper machine clothing businesses

12 Apr 2019 − 

The merged entity is said to have a significant share in the market for forming, pressing and drying fabrics. Heimbach's Technical Textiles division and Asten Johnson's subsidiaries Eagle Nonwovens and Foss Performance Materials are not part of the deal.

Germany's Heimbach group plans to merge its Paper Machine Clothing business unit with the Advanced Fabric business of the US supplier Asten Johnson. According to Heimbach, the merger will result in a global player on the market for paper machine clothings with a leading position in key pulp and paper making regions. Heimbach and Asten Johnson did not disclose the value of the transaction.

The merger is subject to due diligence and regulatory approval. The companies expect the transaction to be finalised in the second half of 2019.

Heimbach's Technical Textiles division and Asten Johnson's subsidiaries Eagle Nonwovens and Foss Performance Materials are not part of the deal.

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