Babcock & Wilcox(US:BW) Businesswire·2025-11-04 22:28Core Viewpoint - Babcock & Wilcox Enterprises, Inc. has sold its Allen-Sherman-Hoff business to ANDRITZ for $29 million, aiming to strengthen its balance sheet and focus on core operations [1][3][7] Company Summary - The sale of the A-S-H business is part of B&W's strategy to reduce debt and enhance its financial position while concentrating on advanced power generation and environmental solutions [3] - B&W will continue to market A-S-H and Diamond Power products through sales representative agreements with ANDRITZ [2][3] - Lake Street Capital Markets, LLC acted as the exclusive financial advisor for this transaction [3] Industry Context - Babcock & Wilcox is a leader in energy and environmental products and services for power and industrial markets globally [4]