- Start
- Oct 31, 202590% CONFIDENCEfrom the source
Babcock & Wilcox Sells Allen-Sherman-Hoff to Andritz for $29 Million
- B&W sold its Allen-Sherman-Hoff (A-S-H) business to a subsidiary of Austria-based ANDRITZ for $29 million, subject to customary fees and adjustments, and announced it on 4 November 2025[1].
- The sale itself was completed on 31 October 2025 under a purchase agreement signed that day; the Sellers promised not to compete with the ash-handling business or solicit its customers or staff for four years[2][4].
- B&W was appointed exclusive sales representative and reseller for three years, in set territories, for both A-S-H and its former Diamond Power unit, which Andritz bought in a deal that closed on 31 July 2025[1][4].
- CEO Kenneth Young called the sale "another step forward to finalize our debt reduction and strengthen our balance sheet" as B&W focuses on power generation, environmental equipment, parts and services, and energy systems for AI data centres[1].
- Allen-Sherman-Hoff makes ash handling systems for power plants, biomass plants and pulp and paper mills, is based in Exton, Pennsylvania, and has annual revenue of about 30 million euros[3].
- Lake Street Capital Markets was B&W's exclusive financial adviser on the deal[1].
References 490% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%babcock.com/home/about/corporate/news/babcock-and-wilcox-announces-sale-of-allen-sherman-hoff-businessbabcock.com· Posted Sep 23, 2026· Starts Oct 31, 2025 ✓· 53% of score
Stated as done, per B&W's 8-K: "On October 31, 2025, ... [the Sellers] completed the sale to Andritz[3] AG"; B&W's release of 4 November says it "has sold its Allen-Sherman-Hoff (A-S-H) business".
- [2]85%Babcock & Wilcox Form 10-Q for the quarter ended 30 September 2025sec.gov· Published Nov 10, 2025· 16% of score
The quarterly report restates the ASH divestiture: "On October 31, 2025, we completed a sale of the net assets comprising our ASH business to Andritz[3] AG for $29.0 million".
- [3]90%ANDRITZ strengthens boiler service business by acquiring Allen-Sherman-Hoffandritz.com· Published Nov 5, 2025· 15% of score
The buyer's own announcement: Allen-Sherman-Hoff is headquartered in Exton, Pennsylvania, with annual revenue of about 30 million euros, and joins Andritz's Recovery & Power Service division.
- [4]95%Babcock & Wilcox Form 8-K (4 November 2025): A-S-H Disposalsec.gov· Published Nov 4, 2025· 15% of score
B&W's filing dates the completed sale to 31 October 2025, gives the ~$29,000,000 base price, the four-year non-compete and the three-year sales-representative appointment.[1]
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