Ahlstrom, a global leader in nonwovens and specialty papers, announces that it has completed the acquisition of Shandong Puri Filter & Paper Products Limited in China from the Purico Group.
Shandong Puri Filter & Paper Products Limited is a producer of transportation filtration media and operates a plant in Binzhou in the province of Shandong in northeastern China. The site currently employs 170 persons.
Ahlstrom announced the acquisition Shandong Puri Filter & Paper Products Limited on August 11, 2010 as part of implementing its growth strategy in Asia. The debt free transaction value is MEUR 22.5.