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M&A Deal Summary

Albany International Acquires Heimbach

On June 14, 2023, Albany International acquired apparel/textiles company Heimbach for 153M EUR

Acquisition Highlights
  • This is Albany International’s 1st transaction in the Apparel/Textiles sector.
  • This is Albany International’s 2nd largest (disclosed) transaction.
  • This is Albany International’s 2nd transaction in Germany.

M&A Deal Summary
Date 2023-06-14
Target Heimbach
Sector Apparel/Textiles
Buyer(s) Albany International
Deal Type Add-on Acquisition
Deal Value 153M EUR

Target

Heimbach

Duren, Germany
Heimbach is a supplier of paper machine clothing for the production of all grades of paper and cardboard on all machine types as well as high-tech textile products used in a variety of sectors, such as food processing, chemicals, construction materials, and automotive industries. Heimbach is based in Duren, Germany.

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Buyer(S) 1

Buyer

Albany International

Rochester, New Hampshire, United States
Category Company
Founded 1895
Sector Apparel/Textiles
Employees5,400
Revenue 1.2B USD (2024)
DESCRIPTION

Albany International is an advanced textiles and materials processing company with two core businesses. Albany International was founded in 1895 and is based in Rochester, New York.

DEAL STATS #
Overall 3 of 3
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 2 of 2
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 CirComp

Kaiserslautern, Germany

CirComp GmbH is a developer and manufacturer of high-performance composite components for aerospace and other demanding industrial applications. CirComp GmbH was founded in 2009 and is based in Kaiserslautern, Germany.

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