FOR IMMEDIATE RELEASE
AstenJohnson Announces End of Proposed Transaction to Merge Heimbach and AstenJohnson PMC Businesses
Charleston, August 30, 2019.
AstenJohnson announces end of proposed transaction to merge Heimbach and AstenJohnson PMC businesses
AstenJohnson CEO Kevin Frank announced: “We regret to announce 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 simply proved too great to overcome at this time.”
AstenJohnson is committed and confident of delivering superior value to all its stakeholders and continues to focus on our growing PMC and Nonwovens business while searching for future strategic growth opportunities.
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AstenJohnson is a global manufacturer of pulp & paper machine clothing, advanced and filtration fabrics, filaments, and nonwoven fabrics for filtration, automotive, cured-in-place piping and composites. As a supplier to the paper industry since 1790, it has a thorough knowledge of technical textiles and processes – and knows how to apply its expertise to help customers be more profitable. The company employs approximately 2,100 people. Its corporate headquarters is in Charleston, South Carolina, USA.