
Albany International/Geschmay Group Merg...
Bourgeois, L. J. I...
Albany International/Geschmay Group Merger
Bourgeois, L. J. III; Moscoso, Ana; Cording, Margaret
BP-0428 | Published August 28, 2001 | 22 pages. Case
Collection: Darden School of Business
Product Details
Albany International, a New-York-based paper machine clothing (PMC) manufacturer, has overpaid to acquire Geschmay Group. Its paper manufacturer customers have been consolidating quickly, forcing PMC companies to do the same. Not only are the corporate and national cultures of the two firms different, but Geschmay is multicultural and poorly integrated. Albany International management must decide which plant to close in France, where the merger resulted in redundant facilities; meanwhile, French law and French culture makes it nearly impossible to move people between plants.
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