Austria, Sep 21, 2011 - International technology Group ANDRITZ 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 MEUR. 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 force during the fourth quarter of 2011.
