{"id":905691,"date":"2025-11-04T22:16:24","date_gmt":"2025-11-05T03:16:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\/"},"modified":"2025-11-04T22:16:24","modified_gmt":"2025-11-05T03:16:24","slug":"babcock-wilcox-announces-sale-of-allen-sherman-hoff-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\/","title":{"rendered":"Babcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business"},"content":{"rendered":"

<\/p>\n

Babcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business<\/b><\/p>\n

AKRON, Ohio–(BUSINESS WIRE<\/a>)–
\nBabcock & Wilcox Enterprises, Inc., (\u201cB&W,\u201d or the \u201cCompany\u201d) (NYSE: BW) announced it has 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.\n<\/p>\n

\nIn conjunction with the transaction, B&W and ANDRITZ, through certain wholly-owned subsidiaries, have signed sales representative agreements under which B&W will continue to market A-S-H and Diamond Power products and services to customers in the utility power sectors.\n<\/p>\n

\n\u201cThis strategic asset sale is another step forward to finalize our debt reduction and strengthen our balance sheet as we increase our focus on our core businesses \u2013 delivering advanced power generation and environmental solutions and parts and services to utilities and industries around the world, and capitalizing on opportunities to provide reliable, available energy systems for artificial intelligence data centers,\u201d said Kenneth Young, B&W Chairman and Chief Executive Officer. \u201cWe look forward to continuing to work with the A-S-H and Diamond Power teams and to representing these technologies to meet the needs of our utility customers.\u201d\n<\/p>\n

\nLake Street Capital Markets, LLC, served as exclusive financial advisor to B&W for the transaction.\n<\/p>\n

About Babcock & Wilcox<\/i><\/b><\/p>\n

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on <\/i>LinkedIn<\/i><\/a> and learn more at <\/i>babcock.com<\/i><\/a>.<\/i><\/p>\n

Forward-Looking Statements<\/i><\/b><\/p>\n

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to an agreement to sell its Allen-Sherman-Hoff (A-S-H) business to ANDRITZ. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251104467645\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n
<\/b>Investor Relations
\n
Babcock & Wilcox
\n
704.625.4944
\n
investors@babcock.com<\/a><\/p>\n

Media Contact:
\n<\/b>
Ryan Cornell
\n
Public Relations
\n
Babcock & Wilcox
\n
330.860.1345
\n
rscornell@babcock.com<\/a><\/p>\n

KEYWORDS:<\/b> Ohio United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Energy Utilities Oil\/Gas Environment Coal Alternative Energy Energy Nuclear<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Babcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business AKRON, Ohio–(BUSINESS WIRE)– Babcock & Wilcox Enterprises, Inc., (\u201cB&W,\u201d or the \u201cCompany\u201d) (NYSE: BW) announced it has 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. In conjunction with the transaction, B&W and ANDRITZ, through certain wholly-owned subsidiaries, have signed sales representative agreements under which B&W will continue to market A-S-H and Diamond Power products and services to customers in the utility power sectors. \u201cThis strategic asset sale is another step forward to finalize our debt reduction and strengthen our balance sheet as we increase our focus on our core businesses \u2013 delivering advanced power generation and environmental solutions and parts … <\/p>\n

Continue reading “Babcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-905691","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBabcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Babcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Babcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business AKRON, Ohio–(BUSINESS WIRE)– Babcock & Wilcox Enterprises, Inc., (\u201cB&W,\u201d or the \u201cCompany\u201d) (NYSE: BW) announced it has 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. In conjunction with the transaction, B&W and ANDRITZ, through certain wholly-owned subsidiaries, have signed sales representative agreements under which B&W will continue to market A-S-H and Diamond Power products and services to customers in the utility power sectors. \u201cThis strategic asset sale is another step forward to finalize our debt reduction and strengthen our balance sheet as we increase our focus on our core businesses \u2013 delivering advanced power generation and environmental solutions and parts … Continue reading "Babcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-05T03:16:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20251104467645r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Babcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business\",\"datePublished\":\"2025-11-05T03:16:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\\\/\"},\"wordCount\":424,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20251104467645r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/babcock-wilcox-announces-sale-of-allen-sherman-hoff-business\\\/\",\"name\":\"Babcock & Wilcox Announces Sale of Allen-Sherman-Hoff Business - 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