ANDRITZ Acquires Iggesund Tools, Sweden

Graz, Austria, Jul 18, 2011 - International technology Group ANDRITZ has acquired Iggesund Tools International AB, headquartered in Iggesund, Sweden, including its subsidiaries in the USA, Canada, and other countries. The acquired companies have approximately 160 employees and generate annual sales of about 25 MEUR. It was agreed not to disclose the purchase price.

Iggesund Tools – now ANDRITZ Iggesund Tools – supplies wood chipping and debarking equipment (mainly chipper knife systems) for pulp and saw mills. The ANDRITZ PULP & PAPER business area is thus strengthening and complementing its service offerings in the wood processing area.