M&A Deal Summary

Andritz Acquires Xerium Technologies

On June 24, 2018, Andritz acquired manufacturer Xerium Technologies from American Securities

Acquisition Highlights
  • This is Andritz’s 2nd transaction in the Manufacturing sector.
  • This is Andritz’s 2nd transaction in the United States.
  • This is Andritz’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2018-06-24
Target Xerium Technologies
Sector Manufacturing
Buyer(s) Andritz
Sellers(s) American Securities
Deal Type Add-on Acquisition
Advisor(s) True North Capital Advisors (Financial)
Latham & Watkins (Legal)

Target

Xerium Technologies

Youngsville, North Carolina, United States
Xerium Technologies, Inc. is a manufacturer and supplier of specially engineered consumable products used primarily in the production of paper, paperboard, and specific industrial applications. Xerium products are focused in two key product classifications; woven machine fabrics and felts, and roll covers.

Search 215,130 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Andritz

Graz, Austria

Category Company
Founded 1852
Sector Machinery
Employees30,043
Revenue 8.3B EUR (2024)
DESCRIPTION

Andritz is a manufacturer of machinery and equipment for the pulp and paper industry, the steel industry and water treatment industries. Andritz was incorporated in 1852 and is based in Graz, Austria.


DEAL STATS #
Overall 6 of 8
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 6
State: North Carolina M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Novimpianti Drying Technology S.r.l

Lucca, Italy

Novimpianti Drying Technology S.r.l is a manufacturer of tissue and paperboard machines. Novimpianti Drying Technology is based in Lucca, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-05 Babcock & Wilcox Enterprises - Diamond Power

Akron, Ohio, United States

Babcock & Wilcox Enterprises' Diamond Power offers boiler cleaning and monitoring solutions tailored for industrial and utility facilities. Babcock & Wilcox Enterprises' Diamond Power is based in Akron, Ohio.

Buy $177M

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based with $50 to $200 million of EBITDA and valued up to $2 billion. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York, New York.


DEAL STATS #
Overall 38 of 53
Sector: Manufacturing M&A 4 of 6
Type: Add-on Acquisition M&A Deals 17 of 22
State: North Carolina M&A 1 of 2
Country: United States M&A 37 of 52
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-01 United Distribution Group

Bristol, Virginia, United States

United Distribution Group, Inc. is a provider of industrial supplies and services from underground mining products to gasket and sealing products, to end users in the energy and natural resources markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Alkegen

Buffalo, New York, United States

Alkegen develops and manufactures high-performance specialty materials used in advanced applications including high-temperature industrial insulation, filtration media, battery technologies for electric vehicles and energy storage, and fire protection, among many others. Alkegen was founded in 1891 and is based in Buffalo, New York.

Sell -