On August 31, 2023, the Company acquired all the outstanding shares of Heimbach, a privately held manufacturer of paper machine clothing with headquarters in Düren, Germany. In July 2021, Heimbach acquired 85% of Arcari, SRL (“Arcari”). Arcari is a manufacturer of textile and plastic industrial technical products and conveyor belts.

On April 1, 2025, Heimbach sold its 85% controlling interest in Arcari to the minority shareholder and recorded a gain of $1.6 million included in Other (income) expense on the sale. In connection with the sale, the corresponding value of the noncontrolling interest was reduced to zero. The Company did not retain any ownership in Arcari as a result of the sale and accordingly there was no impact on operating results during the three and six months ended June 30, 2026.


ASC Noncontrolling Interest	Six months ended June 30,
(in thousands, except percentages)	2026			2025
Net income of Albany Safran Composites (ASC)	$	5,442		$	3,175
Less: Return attributable to the Company's preferred holding	859			892
Net income of ASC available for common ownership	$	4,583		$	2,283
Ownership percentage of noncontrolling shareholder	10		%	10		%
Net income attributable to the noncontrolling interest	$	458		$	228

Noncontrolling interest, beginning of year	$	5,893		$	4,983
Net income attributable to noncontrolling interest	458			228
Changes in other comprehensive income attributable to the noncontrolling interest	49			286
ASC Noncontrolling interest, end of interim period	$	6,400		$	5,497












Arcari Noncontrolling interest, end of interim period	$	0		$	—


Total Noncontrolling interest, end of interim period	$	6,400		$	5,497