EANS-News: ANDRITZ acquires furnace specialist Bricmont, USA

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Company Information

Graz (euro adhoc) - Graz, March 29, 2012. International technology
Group ANDRITZ has acquired Bricmont Inc. from Inductotherm Group.
Bricmont is headquartered in Pittsburgh, Pennsylvania, USA, and
includes certain assets in China and India. The company has about 85
employees and generates annual sales of approximately 30 MEUR. It was
agreed not to disclose the purchase price.

ANDRITZ Bricmont supplies furnace systems to the aluminum and steel
industries and further complements the existing furnace product
portfolio of the ANDRITZ METALS business area, which is one of the
leading global suppliers of complete lines for the production and
processing of cold-rolled carbon steel, stainless steel, and
non-ferrous metals. The METALS business area also provides turn-key
furnace systems to the steel and copper industries. With the
acquisition of Bricmont, ANDRITZ is thus further enlarging its
product offerings in furnaces and also strengthening its presence in
North America, China, and India.

Gary Doyon, CEO of the Inductotherm Group: "The sale of Bricmont to
ANDRITZ focuses Inductotherm on our core strengths in our growing
operations in China and India."

- End -

The ANDRITZ GROUP International technology Group ANDRITZ is a
globally leading supplier of plants, equipment, and services for
hydropower stations, the pulp and paper industry, solid-liquid
separation in the municipal and industrial sectors, the steel
industry, and the production of animal feed and biomass pellets. In
addition, ANDRITZ offers technologies for certain other sectors
including automation, pumps, machinery for nonwovens and plastic
films, steam boiler plants, biomass boilers and gasification plants
for energy generation, flue gas cleaning plants, plants for the
production of panelboards (MDF), thermal sludge utilization, and
torrefaction plants. The publicly listed ANDRITZ GROUP is
headquartered in Graz, Austria and has a staff of approximately
16,700 employees worldwide. ANDRITZ operates over 180 production
sites as well as service and sales companies all around the world.

ANDRITZ METALS ANDRITZ METALS is one of the leading global suppliers
of complete lines for the production and further processing of
cold-rolled carbon steel, stainless steel, and non-ferrous metal
strip. These lines consist of equipment for cold rolling, heat
treatment, surface finishing, strip coating and finishing, punching
and deep drawing, and for pickling acid regeneration. The business
area also supplies turnkey industrial furnace systems for thermal
processes, such as heat treatment of slabs and forged pieces, as well
as refining furnaces for the copper industry.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

end of announcement euro adhoc
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company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English