secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0000819793-23-000080
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International completes €132M cash acquisition of Heimbach, assumes €22M debt
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- Total consideration €132 million cash plus assumed net debt of approximately €22 million.
- Heimbach is a global supplier of paper machine clothing and high-tech textiles, headquartered in Düren, Germany.
- Acquisition funded with cash held in Europe; Heimbach becomes wholly owned indirect subsidiary of Albany.
- Albany expects complementary technologies and broader geographic footprint to create shareholder value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979323000080/0000819793-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979323000080/ain-20230831.htm
  HTML page:      https://secwatch.observer/filing/0000819793-23-000080

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