By Pietro Lombardi

Andritz Ag said Friday that it will buy French fiber-processing technologies company Laroche for an undisclosed amount.

The Austrian company will acquire LM Industries, which includes Laroche SA and Miltec SA. The deal is expected to close early next year.

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

(END) Dow Jones Newswires

December 04, 2020 02:59 ET (07:59 GMT)