OC Oerlikon Corporation AG, Pfäffikon and several of its affiliates sell their Carding business (with manufacturing facilities in Germany, Austria and Italy) to Zhengzhou Hi-Tech Non-woven Technology Co., Ltd, China, an affiliate of state owned China Hi-Tech Group Corporation, Ltd., Beijing. The transaction is closed on August 31, 2011. VISCHER advises OC Oerlikon as lead legal advisor in this transaction. The team includes Felix W. Egli (leader), Peter Kühn, Thomas Krizaj, Andreas Textor (all M&A),Klaus Neff (merger control), Christoph Niederer (tax) and Claudia Keller (IP).