Listed NSC Group* signed the carve-out of its NSC Nonwoven division to Austria-based Andritz Group**.

* Euronext Paris, Compartiment C, ISIN : FR0000064529
** Vienna Stock Exchange, ISIN : AT0000730007

NSC Nonwoven is operating through the Elbeuf-based Asselin-Thibeau (France) and the Wuxi-based NSC Wuxi (China). NSC Nonwoven offers full lines for the production of nonwovens with applications in a diversified number of industries (hygiene, geotextile, automotive, building materials, medical, etc.). NSC Nonwoven forecasts 2011 sales above €50m.

The transaction that has been signed is a sale of 100% of the shares of Asselin-Thibeau and NSC Wuxi. The land of the Elbeuf production site is also included in the transaction perimeter.

The Andritz Group is a global market leader for customized plant, systems and services for hydropower, the pulp and paper, steel and other specialized industries. The Andritz Group generated sales of €3.5bn in 2010.

The acquisition of NSC Nonwoven is strengthening and complementing Andritz product range for the nonwovens industry. In combination with the proven products and technologies of Andritz Küsters and Andritz Perfojet, Andritz will be able to supply complete vertical system solutions for production of nonwovens to its customers.

NSC Group is a group specialised in the design and manufacture of industrial equipment goods now active in two different activities: machinery for the transformation of long fibres (NSC Fibre to Yarn) and machinery for the manufacture of packaging products and cardboard transformation (NSC Packaging).

Advisors to NSC Group
M&A: Aforge Finance (Lawrence Giesen, David Amar)
Legal: Saucier Avocats (Luc Saucier)