Andritz Completes Acquisition of Iggesund Tools

July 18, 2011 - ANDRITZ has acquired Iggesund Tools International AB, headquartered in Iggesund, Sweden, including its subsidiaries in the USA, Canada, and other countries. The acquired companies have approximately 160 employees and generate annual sales of about 25 MEUR.

The purchase price was not disclosed.

Iggesund Tools — now ANDRITZ Iggesund Tools — supplies wood chipping and debarking equipment (mainly chipper knife systems) for pulp and saw mills.

SOURCE: ANDRITZ