Andritz has signed an agreement with French fiber processing technology specialist Laroche to acquire LM Industries comprising Laroche SA and Miltec SA.
Laroche, based in Cours, France, supplies fiber processing technologies for opening, blending and dosing, airlay web forming, textile waste recycling and decortication of bast fibers. The company provides lines for a wide range of industries and products including spinning, bedding and furniture, automotive, acoustic and thermal insulation, geotextiles, filtration and wipes.
The Laroche product portfolio 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.
“This acquisition is the logical conclusion in view of the successful long-term relationship between Andritz and Laroche,” said Robert Laroche, president of Laroche. “We have been working in close cooperation for more than ten years and are very much looking forward to becoming a member of the Andritz family.”
“By adding Laroche’s state-of-the-art products and expertise to our existing capabilities, Andritz Nonwoven will further strengthen its market and technology position," said Andreas Lukas, senior vice president and division manager, Andritz Nonwoven.