Albany International in Acquisition of Harris Corp Unit
March 2, 2016
Cleary Gottlieb is representing Albany International in its acquisition of Harris Corporation’s aero-structures business for $210 million, including the assumption of a $23 million capital lease.
Albany International is a global advanced textiles and materials processing company, with two core businesses. Its machine clothing business is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. Albany Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry.