International technology Group Andritz has signed an agreement with Laroche, based in Cours, France, to acquire LM Industries comprising Laroche SA and Miltec SA, France. Andrtiz will take over all Laroche entities and itsbusiness worldwide. Closing of the transaction, which is subject to approval by the Andrtiz supervisory board, is expected at the beginning of 2021.
Laroche is a supplier of fiber processing technologies such as opening, blending and dosing, airlay web forming, textile waste recycling and decortication of bast fibers. Its product portfolio complements the Andrtiz Nonwoven product range and Andrtiz will be 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 Andrtiz scope of supply for spunlace, needlepunch and wetlaid production lines.