AstenJohnson and Heimbach to merge paper machine clothing businesses

AstenJohnson and Heimbach announced advanced negotiations to merge their Paper Machine Clothing and Advanced Fabric businesses. The merger is expected to close in the second half of 2019, subject to regulatory approval.

“The shareholders and boards of AstenJohnson and Heimbach are in advanced negotiations to merge the Paper Machine Clothing and Advanced Fabric businesses of both companies.”paperage.com

• 2 sources
• paperage.comAstenJohnson and Heimbach to Merge PMC BusinessesApr 12, 2019
• papnews.comAstenJohnson and Heimbach to merge their PMC businesses - PapnewsPapnews TeamApr 15, 2019

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