Ahlstrom signs an agreement to divest its pre-impregnated décor paper and abrasive businesses to Perusa
(Thomson Reuters ONE) -
Ahlstrom Corporation STOCK EXCHANGE RELEASE October 18, 2013 at 16.50
Ahlstrom, a global high performance fiber-based materials company, has signed an
agreement to divest its pre-impregnated décor papers and abrasive paper backings
businesses to Perusa, a German-based private equity group. At completion of the
transaction, the ownership base of the divested businesses will be broadened to
also include the current management of the sold business. The divestment is made
to comply with the commitments made to the European Commission and to the
Brazilian competition authority CADE as disclosed in May 2013.
The enterprise value of the transaction is approximately EUR 20 million. Under
the agreement, Ahlstrom's pre-impregnated décor paper and abrasive paper
backings businesses in Osnabrück, Germany, will be transferred to an entity held
by Perusa Partners Fund 2, LP, a private equity firm advised by Munich-based
Perusa GmbH. The parties have also formed a joint venture to operate the power
plant and the water facilities for the site. Ahlstrom will book a write-down of
approximately EUR 6 million in the third quarter of 2013 as a result of the
agreement.
Ahlstrom continues to manufacture wallpaper, hybrid wallcover and poster paper
materials in Osnabrück and produces release papers as a contract manufacturer to
Munksjö Oyj.
The completion of the transaction is subject to certain closing conditions, such
as the European Commission's approval of the buyer and the agreements between
Ahlstrom and the buyer. The transaction is expected to be completed during the
first quarter of 2014, at the latest.
For more information, please contact:
Juho Erkheikki
Manager, Financial Communications & Investor Relations
Tel. +358 10 888 4731
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. Our products are
used in a large variety of everyday applications, such as filters, medical gowns
and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a
leading market position in the businesses in which we operate. In 2012,
Ahlstrom's net sales from the continuing operations (excluding Label and
Processing business) amounted to EUR 1 billion. Our 3,800 employees serve
customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX
Helsinki. More information available at www.ahlstrom.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahlstrom Oyj via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 18.10.2013 - 15:51 Uhr
Sprache: Deutsch
News-ID 307215
Anzahl Zeichen: 3350
contact information:
Town:
Helsinki
Kategorie:
Business News
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