Albany International Corp. is a global manufacturer of advanced textiles and engineered composite materials serving paper, industrial, and aerospace markets. The company operates two main segments: Machine Clothing, which produces custom-designed fabrics and process belts used in paper manufacturing and nonwovens applications, and Albany Engineered Composites, which manufactures advanced composite solutions for commercial and defense aerospace programs including engines, helicopters, and aircraft components. The company generates recurring revenues from consumable paper machine clothing products and long-term aerospace supply contracts, leveraging proprietary technologies such as 3D-woven reinforced composites and automated fiber placement capabilities across manufacturing facilities in multiple countries.