Xerium: CEOs at combining firms Xerium, Andritz ask employees for 'patience'

Top execs at Youngsville-based Xerium and the company that's buying it out, Austrian industrial giant Andriz AG, are asking employees and shareholders for "continued patience" as their companies work toward a combination. "Given the steps that remain in the process, we ask for your understanding that we can only give you some basic information on what you can expect from the future, not the least because the definition of your role within the Andritz group will be a cooperative process,...