---
schema_version: "secwatch.filing_event.v1"
accession: "0000819793-23-000052"
form_type: "8-K"
ticker: "AIN"
cik: "0000819793"
company_name: "ALBANY INTERNATIONAL CORP /DE/"
filed_at: "2023-06-14T23:59:59+00:00"
generated_at: "2026-06-14T01:40:56.907392+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Albany International to acquire Heimbach Group for €153 million

## Summary
- Purchase price of €153M includes €21M net debt; funded with cash on hand outside the U.S.
- Heimbach 2022 revenue ~€161M; 1,200 employees at nine production sites in Europe and Asia.
- Deal expected to close in H2 2023, subject to regulatory approvals and customary conditions.
- Transaction expected to be accretive to EPS and cash flow beginning in year two.
- Albany gains increased scale, broader geographic footprint, and complementary paper machine clothing technology.

## SEC filing metadata
- accession: 0000819793-23-000052
- form_type: 8-K
- ticker: AIN
- cik: 0000819793
- company_name: ALBANY INTERNATIONAL CORP /DE/
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/819793/000081979323000052/0000819793-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/819793/000081979323000052/ain-20230614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000819793-23-000052
- JSON: https://secwatch.observer/filing/0000819793-23-000052.json
- Plain text: https://secwatch.observer/filing/0000819793-23-000052.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.