ANDRITZ successfully closes its acquisition of Xerium Technologies, Inc.
International technology group ANDRITZ today announced the successful closing of its previously announced acquisition of Xerium Technologies, Inc.
Xerium, headquartered in Youngsville, North Carolina, is a global manufacturer and supplier of machine clothing (forming fabrics, press felts, drying fabrics) and roll covers for paper, tissue, and board machines, including maintenance and aftermarket services. With its Smart® technology, the company provides a sophisticated digital software tool to optimize pressing performance by means of sensors integrated into the roll covers.
ANDRITZ, headquartered in Graz, Austria, is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metal working and steel industries, and for solid/liquid separation in the municipal and industrial segments.