Ahlstrom, a global leader in nonwovens and specialty papers, announces that it has completed the divestment of Ahlstrom Altenkirchen GmbH in Germany to Interface Solutions.
Ahlstrom announced earlier this month the sale of the Altenkirchen site to Interface Solutions, a portfolio company of Pennsylvania-based family owned private equity fund Susquehanna Capital. The value of the transaction is approximately EUR 6.5 million. Ahlstrom will book a non-recurring gain of approximately EUR 5 million from the sale in its fourth-quarter 2010 financial result.
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom's products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.