AstenJohnson Acquires Paperchine
Oct. 3, 2011 - AstenJohnson said that it has acquired Paperchine, effective September 30, and has begun the process of merging the engineering and equipment company with JohnsonFoils, an equipment division of AstenJohnson.
The value of the deal was not disclosed.
The new company will be called Paperchine and will be based in Rockton, Illinois (USA).
Laurie Wicks, currently president of Paperchine, will lead the new company.
AstenJohnson is a manufacturer of paper machine clothing, specialty fabrics, filaments and drainage equipment.