Albany International to close Ballo, Italy facility, transfer production to Merone

ALBANY INTERNATIONAL CORP /DE/

Albany International Italia Srl will initiate consultations to discontinue manufacturing at Ballo, Italy.
Production transferred to a Merone, Italy facility owned by affiliate Industrie Tessili Bresciane Srl.
Impacted employees offered transfer, separation, or outplacement assistance; sales/service teams unaffected.
Costs not reasonably estimable until consultations conclude; disclosure to follow when determined.

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