Andritz has formally announced that it has acquired technology and intellectual property assets from Franssons Recycling Machines AB in Sweden.

Austria-headed international technology major Andritz Group has formally announced that it has acquired technology and intellectual property (IP) assets from Franssons Recycling Machines AB, located in Sundsvall, Sweden. Franssons Recycling Machines is a global pioneer in manufacturing and development of machinery for treating waste, wood, and biomass as well as for recycling plastic, paper, and cardboard.
Franssons has been an established and experienced supplier of industrial shredding and recycling technologies for 70 years, with many references around the globe. In August 2016, the family owned company filed for insolvency having run into financial difficulties as a result of third party payment defaults.
According to a statement Franssons will be assigned to Andritz’s Recycling product group (part of the Pulping and Fiber Systems Division, Pulp & Paper business area), further complementing its product offerings in recycling, which extend from refrigerator and electronic waste recycling to reject systems for the pulp and paper industry. Andritz is thus able to extend its solutions and services in the recycling sector.