Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

ANDRITZ Purchases Bricmont From Inductotherm - Quick Facts

3/29/2012 3:42 AM ET

ANDRITZ AG (ADRZF.PK) said it has acquired Bricmont Inc. from Inductotherm Group. The purchase price is not disclosed.

According to ANDRITZ, with the acquisition of Bricmont, the company is thus further enlarging its product offerings in furnaces and also strengthening its presence in North America, China, and India.

Gary Doyon, chief executive officer of the Inductotherm Group, commented, "The sale of Bricmont to ANDRITZ focuses Inductotherm on our core strengths in our growing operations in China and India."

Click here to receive FREE breaking news email alerts for Andritz AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Restaurant operator Yum! Brands Inc. said Tuesday after the markets closed that its first quarter profit rose 18% from last year, helped by strong performance of its China division. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. After trending higher over the past several sessions, stocks saw some further upside during trading on Tuesday. A positive reaction to the latest corporate news contributed to the continued buying interest, lifting the Dow and the S&P 500 back near their record highs. In a blow to supporters of affirmative action, the Supreme Court on Tuesday upheld a voter-approved ban on using race as a factor in college admissions at Michigan's state-run universities. The court ruled 6 to 2 that the state law banning the use of racial preferences does not violate the U.S. Constitution, although the court was splintered on the reasoning for the decision.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.