The Heimbach management announces that the proposed transaction to merge the Heimbach and AstenJohnson PMC businesses has been called off. While both companies have a high level of respect for each other and saw great potential to merge, the obstacles proved too great to overcome at this time.
Heimbach will continue to focus on our strong and international Paper Machine Clothing (PMC) and Technical Textiles businesses while searching for future strategic growth opportunities.
"Although we are all disappointed that the PMC merger is not taking place now, we will be writing the next chapter in our more than 200-year history on our own. Our innovative products, outstanding quality and competent technical service provide the best conditions for this. In this way, we will remain a reliable partner for our paper industry customers and gain new ones," says Peter Michels, Managing Director.