Ahlstrom completes divestment of Ascoli plant and assets

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Source: Ahlstrom Corporation

Ahlstrom Corporation, a global high performance materials company, has completed the divestment of the buildings, land and assets of its Ascoli plant in Italy to Eurocomet. The transaction was announced on March 18, 2011.

The value of the transaction was approximately EUR 4.0 million euros. Ahlstrom will book a non-recurring gain of approximately EUR 2.5 million in its second-quarter financial results.

Ahlstrom permanently closed the Ascoli plant and ceased the production of one-side coated papers there in early 2008 due to unsatisfactory profitability. Eurocomet will develop the site for other purposes than paper making and the machinery will be scrapped. Ahlstrom will keep some of the machinery parts.

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