Heimbach

Bonnie C. Lind Elected to Albany International Corp. Board of Directors

Retrieved on: 
Friday, February 23, 2024
Defense, Air, Aerospace, Transport, Manufacturing, Other Manufacturing, Other Defense, CFO, Acquisition, Moog Inc., Empire District Electric Company, Kimberly-Clark, Neenah, Wisconsin, Multimedia, Heimbach, AIN, Audit committee, University, Treasurer, Business administration, Hubbell Incorporated, Moog, Federal Signal Corporation, Management

Albany International Corp. (NYSE:AIN) announced today that Bonnie C. Lind has been elected to its Board of Directors and that Director John R. Scannell has been appointed Chairman of the Board.

Key Points: 
  • Albany International Corp. (NYSE:AIN) announced today that Bonnie C. Lind has been elected to its Board of Directors and that Director John R. Scannell has been appointed Chairman of the Board.
  • Neenah Inc. was a market leading manufacturer of premium packaging and specialty paper products which merged with Schweitzer-Mauduit International in 2022 to form Mativ Holdings.
  • Director Scannell, age 60, the retired CEO and current Chairman at Moog, Inc. has been a member of the Albany Board of Directors since 2012.
  • He said “we are pleased to welcome Bonnie to our Board of Directors.

Albany International Completes Acquisition of Heimbach Group

Retrieved on: 
Thursday, August 31, 2023
Other Defense, Machinery, Machine Tools, Metalworking & Metallurgy, Forest Products, Natural Resources, Defense, Other Manufacturing, Textiles, Engineering, Air, Transport, Aerospace, Manufacturing, SHI International Corp, AIN, Paper, Building material, Heimbach Group, Acquisition, NYSE, Heimbach

Albany International Corp. (NYSE:AIN) announced today it has completed its acquisition of Heimbach Group (Heimbach).

Key Points: 
  • Albany International Corp. (NYSE:AIN) announced today it has completed its acquisition of Heimbach Group (Heimbach).
  • Headquartered in Düren, Germany, Heimbach is a global supplier of paper machine clothing for the production of all grades of paper and cardboard on all machine types as well as high-tech textile products used in a variety of sectors, such as the food processing, chemicals, construction materials and automotive industries.
  • Together we will effectively combine the strengths of each company to set a new standard in customer value delivery as the industry’s partner-of-choice.”
    Albany acquired Heimbach for €132 million in cash, and assumed net debt of approximately €22 million.
  • The transaction was funded with cash held in Europe.

Albany International Enters Definitive Agreement to Acquire Heimbach Group for €153 Million

Retrieved on: 
Wednesday, June 14, 2023
Other Manufacturing, Textiles, Air, Engineering, Transport, Aerospace, Manufacturing, Forest Products, Natural Resources, AIN, Building material, SHI International Corp, Acquisition, United Kingdom, Paper, Heimbach Group, NYSE, Online shopping, Cryptocurrency, Heimbach

Albany International Corp. (“Albany” or the “Company”) (NYSE: AIN) announced today it has entered into a definitive agreement to acquire privately held Heimbach Group (“Heimbach”), a leading supplier of paper machine clothing, in an all cash transaction valued at approximately €153 million, including the assumption of €21 million net debt.

Key Points: 
  • Albany International Corp. (“Albany” or the “Company”) (NYSE: AIN) announced today it has entered into a definitive agreement to acquire privately held Heimbach Group (“Heimbach”), a leading supplier of paper machine clothing, in an all cash transaction valued at approximately €153 million, including the assumption of €21 million net debt.
  • The transaction has been unanimously approved by the Albany Board of Directors and Heimbach’s shareholders.
  • We look forward to working with the Heimbach team and welcoming them to Albany.”
    Marco Esper, CEO of Heimbach Group, said, “In Albany International, we found a like-minded partner who shares our commitment to best-in-class customer service and advancing modern paper production.
  • Albany has published a slide presentation in connection with today’s announcement which can be found on the Company’s investor relations website at investors.albint.com.

Healthcare Management Solutions, LLC (HMS) Reclassified by Small Business Administration (SBA) as a Small Business

Retrieved on: 
Wednesday, July 13, 2022
Technology, Nursing, Veteran, Goal, LLC, Small business, North American Industry Classification System, SBA, Federation, Heimbach, Government, HMS, NAICS, Health insurance

FAIRMONT, W.Va., July 13, 2022 /PRNewswire-PRWeb/ -- Healthcare Management Solutions, LLC (HMS) has been reclassified by the U.S. Small Business Administration (SBA) as a small business. The change occurred when the SBA modified its revenue-based small business size standards in 16 North American Industrial Classification System (NAICS) sectors.

Key Points: 
  • FAIRMONT, W.Va., July 13, 2022 /PRNewswire-PRWeb/ -- Healthcare Management Solutions, LLC (HMS) has been reclassified by the U.S. Small Business Administration (SBA) as a small business.
  • The change occurred when the SBA modified its revenue-based small business size standards in 16 North American Industrial Classification System (NAICS) sectors.
  • Heimbach added that small businesses like HMS are beneficial both to government agencies directly and to prime contractors.
  • Small businesses bring creative solutions to problems, have more flexibility, and tend to establish more personal connections with customers.

Healthcare Management Solutions, LLC (HMS) Selected by South Carolina Dept. of Health and Environmental Control (DHEC) to Establish New Inspection System and Processes

Retrieved on: 
Tuesday, April 20, 2021
DHEC, South Carolina Department of Health and Environmental Control, Inspection, Heimbach, NHMS

b'FAIRMONT, W.Va., April 20, 2021 /PRNewswire-PRWeb/ -- The South Carolina Department of Health and Environmental Control (DHEC) has awarded Healthcare Management Solutions, LLC (HMS) a contract for DHEC Healthcare Quality Merger Services.\n"We are truly honored that DHEC chose us to help redesign its inspection systems and processes," said Leah Heimbach, president & owner of HMS.

Key Points: 
  • b'FAIRMONT, W.Va., April 20, 2021 /PRNewswire-PRWeb/ -- The South Carolina Department of Health and Environmental Control (DHEC) has awarded Healthcare Management Solutions, LLC (HMS) a contract for DHEC Healthcare Quality Merger Services.\n"We are truly honored that DHEC chose us to help redesign its inspection systems and processes," said Leah Heimbach, president & owner of HMS.
  • "The people of South Carolina, especially the state\'s vulnerable populations, will enjoy better protection as a result of our collaboration with DHEC.
  • "\nHMS will provide DHEC with a complete and functioning inspections system, and prepare DHEC to maintain it effectively.
  • "We appreciate the opportunity to provide our expertise in all the functions necessary to building an outstanding inspections system.

Healthcare Management Solutions, LLC, (HMS) Donates $1,800 to Local Senior Center in Honor of the Company's 18th Anniversary

Retrieved on: 
Tuesday, August 11, 2020
Düren, Heimbach, Rhine Province

The $1,800 donation from HMS will cover the cost of 300 meals for Marion County seniors.

Key Points: 
  • The $1,800 donation from HMS will cover the cost of 300 meals for Marion County seniors.
  • "Protecting seniors and other vulnerable populations is at the core of our mission," said Leah Heimbach, president and owner of HMS.
  • "No senior should have to worry about falling through cracks in the system, especially when it comes to their nutrition and health.
  • The Home-Delivered Meals program here in Marion County does an excellent job of efficiently getting seniors the food they need."