Albany International CORP: management transactions · United States · SEC (Form 4)

About Albany International CORP

Albany International Corp /DE/ (ticker AIN) is an industrial company listed on the NYSE in the United States. For investors, it is best understood as a specialized advanced-materials and engineered-components business built around two core segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). The company traces its origins to Albany Felt Company, founded in 1895 in Albany, New York, where it initially made papermaking felts. Over time, the business expanded far beyond its legacy textile roots, relocated its headquarters to Rochester, New Hampshire, and evolved into a global industrial platform focused on technical materials, process belts, and high-performance composites. ([albint.com](https://www.albint.com/company/history/?utm_source=openai)) Machine Clothing is the historic foundation of Albany International. This segment designs and manufactures custom consumable fabrics and belts used in the production of paper, paperboard, tissue, towel, nonwovens, and other industrial applications. Albany describes itself as a global leader in this niche, with competitive advantages rooted in product engineering, customer relationships, and long-standing process know-how. AEC is the company’s growth-oriented aerospace and defense platform, producing advanced composite components, structures, and assemblies for demanding applications. Its capabilities include 3D weaving and advanced composite manufacturing for both commercial and military platforms, which gives Albany exposure to higher-value, longer-cycle aerospace programs. ([albint.com](https://www.albint.com/machine-clothing/about-us/?utm_source=openai)) Geographically, Albany International has a broad international footprint. The company is headquartered in Rochester, New Hampshire, and its 2024 annual report states that it operates roughly 30 facilities across 13 countries, supporting a diversified manufacturing and engineering base. That global reach is important in both businesses: MC serves paper and industrial customers worldwide, while AEC supports aerospace and defense programs through a multi-site industrial footprint. The company emphasizes operational discipline, materials-science capability, and prudent capital allocation as central elements of its investment case. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000819793/000162828025016379/ain2024annualreportand10-k.pdf?utm_source=openai)) Recent developments have been material for the equity story. In February 2025, Albany reported full-year 2024 results that highlighted record revenues, driven by organic growth and the Heimbach acquisition, alongside renewed share repurchases and a new authorization for up to $250 million. In 2026, the company reported first-quarter progress and highlighted a long-term AEC contract with Pratt & Whitney running through 2036, reinforcing the visibility of the aerospace composites franchise. Recent communications also pointed to strategic actions aimed at de-risking the portfolio and improving the growth and margin profile of the composites business. ([sec.gov](https://www.sec.gov/Archives/edgar/data/819793/000081979325000006/ain-20250226.htm?utm_source=openai))