The international technology group Andritz AG, Graz/Austria, has signed an agreement with Laroche SA, Cours/France, to acquire LM Industries comprising Laroche SA and Miltec SA. Andritz will take over all Laroche entities and their business worldwide.
Closing of the transaction is expected at the beginning of 2021. Laroche is a manufacturer of fiber processing technologies such as opening, blending and dosing, airlay web forming, textile waste recycling and decortication of bast fibers. Lines for a wide range of industries and products as spinning, bedding and furniture, automotive, acoustic and thermal insulation, geotextiles, filtration, wipes are supplied. The product portfolio further complements the Andritz Nonwoven product range. Andritz is now able to offer the complete supply and value chain, from the raw material, to opening and blending, web forming, bonding, finishing, drying, and converting. Laroche’s high-performance technologies for opening and blending enhance the Andritz scope of supply for spunlace, needlepunch and wetlaid production lines. Moreover, both companies have agreed to further strengthen the development of their existing technologies for high-speed and high-capacity applications and also to continue pursuing the development of textile recycling processes.