Diatec: Andritz Acquires Diatec Stake, Xerium Technologies

Austria-based Andritz Group reports it has acquired a 70-percent stake in Diatec S.r.l., Italy. The remaining 30 percent will remain in the hands of the two current shareholding families. Diatec produces a range of converting machinery for diapers and absorbent hygiene products as well as food packaging. Andritz reports that acquisition complements its nonwovens portfolio [...]