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About the company
Albany International Corp. is a global advanced textiles and materials processing company. Its segments include Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment supplies consumable permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, pulp, nonwovens, fiber cement and several other industrial applications. It designs, manufactures, and markets paper machine clothing for each section of the paper machine and for every grade of paper. The MC segment also supplies engineered processing belts used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and textile industries. The AEC segment provides engineered, advanced composite structures to customers in the commercial and defense aerospace industries. The AEC segment includes Albany Safran Composites, LLC. AEC also supplies vacuum waste tanks for most Boeing commercial aircraft, as well as the fan case for the GE9X engine.
- Revenue in USD (TTM)1.19bn
- Net income in USD111.52m
- Incorporated1987
- Employees5.60k
- LocationAlbany International Corp216 Airport DriveROCHESTER 03867United StatesUSA
- Phone+1 (603) 330-5850
- Fax+1 (603) 994-3835
- Websitehttps://www.albint.com/
Mergers & acquisitions
| Acquired company | AIN:NYQ since announced | Transaction value |
|---|---|---|
| Heimbach GmbH | -7.17% | 168.23m |
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Dec 2023 | 4.60m | 14.74% |
| The Vanguard Group, Inc.as of 31 Dec 2023 | 3.43m | 11.01% |
| EARNEST Partners LLCas of 31 Dec 2023 | 2.53m | 8.12% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 1.17m | 3.76% |
| Managed Account Advisors LLCas of 31 Dec 2023 | 1.05m | 3.37% |
| Dimensional Fund Advisors LPas of 31 Dec 2023 | 1.04m | 3.32% |
| Champlain Investment Partners LLCas of 31 Dec 2023 | 1.03m | 3.31% |
| Kayne Anderson Rudnick Investment Management LLCas of 31 Dec 2023 | 1.03m | 3.31% |
| William Blair Investment Management LLCas of 31 Dec 2023 | 779.34k | 2.50% |
| Loomis, Sayles & Co. LPas of 31 Dec 2023 | 687.62k | 2.20% |
