# Albany International to acquire Heimbach group for €153 million

Albany International Corp. has entered into a definitive agreement to acquire Heimbach GmbH and its subsidiaries for €153 million. The transaction is subject to regulatory approval and is expected to close in the second half of 2023.

- Type: Acquisition
- Announced: 2023-06-14
- Where: Düren, Germany, Germany
- Value: $165.0M (153.0M EUR)
- Status: announced
- Products: paper machine clothing, technical textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Heimbach](https://endata.com/companies/6480.md) (target)
- [Albany International](https://endata.com/companies/20402.md) (acquirer)

## Sources

- [paperfirst.info](https://www.paperfirst.info/heimbach-to-become-part-of-the-albany-international-corp/), 2023-06-14: "The Heimbach shareholders and Albany have agreed on this today."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2023/06/albany-international-enters-definitive-agreement-to-acquire-heimbach-group-for-e153-million/), 2023-06-14: "The acquisition of Heimbach is an exciting opportunity to create significant value for our shareholders as well as for our customers as the partner of choice."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.