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Ahlstrom Divests German Subsidiary

Osnabrück site makes base papers for wall coverings, poster board

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By: Karen McIntyre

Editor, Nonwovens Industry

As it announced earlier this week it would merge with Munksjö, Ahlstrom  also revelaed it had signed an agreement to sell its German subsidiary with operations in Osnabrück to Kämmerer Paper Holding GmbH. Terms of the transaction were not disclosed.

Ahlstrom produces base papers for wallcovers, poster papers as well as release liners for self-adhesive labels at the Osnabrück plant, which is part of the Filtration & Performance business area. The sale will reduce Ahlstrom’s annual net sales by about €80 million and the impact on adjusted operating profit is slightly positive. The transaction will also include Ahlstrom’s 50% stake in AK Energie (a joint venture with Kämmerer), which is the site’s utility providing power and water treatment services. 

The divestment will allow Ahlstrom to develop its other businesses more efficiently and pursue growth in areas aligned to the company’s strategy.

 

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