logo
Share SHARE
FONT-SIZE Plus   Neg

ANDRITZ Purchases Bricmont From Inductotherm - Quick Facts

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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Lab equipment maker Thermo Fisher Scientific Inc. has agreed to acquire electron microscope maker FEI Co. for about $4.2 billion in cash, the two companies said Friday. Thermo Fisher noted that FEI's electron microscopy platform will complement its own mass spectrometry systems to accelerate advancements in structural biology. While reporting a wider loss for the first quarter, Sears Holdings Corp. said it has decided to "aggressively evaluate" all potential alternatives for its top brands - Kenmore, Craftsman and DieHard or KCD, and the Sears Home Services or SHS businesses. Sears has retained Citigroup Global Markets and LionTree Advisors to assist in its efforts. Philips Lighting, the splinter group of Dutch consumer electronics giant Philips, saw its shares rally around 8.50 percent on its debut on Friday at the Amsterdam stock exchange. The shares are currently at 21.70 euros, above its set pricing of 20 euros per share.
comments powered by Disqus
Follow RTT