Ahlstrom to complete the transfer of Brazilian wipes business
Ahlstrom to complete the transfer of Brazilian wipes business in the second quarter 2012
Ahlstrom Corporation, a global high performance materials company, estimates that the transfer of the Brazilian operation of its former wipes fabrics business, Home and Personal, to Suominen Corporation will take place in the second quarter of 2012.
Ahlstrom had previously anticipated that the transfer would have taken place in the first quarter of 2012. The transfer is subject to the acquiror receiving all necessary Brazilian regulatory permits for its operations.
The Home and Personal business area excluding the Brazilian part of the operation was transferred on October 31, 2011 to Suominen Corporation. Receiving an approval from the competition authorities in Brazil is not a prerequisite for completing the transaction.
Ahlstrom in brief
Ahlstrom is a high performance 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, wallcovers, flooring, labels and food packaging. We have a leading market position in the businesses in which we operate. Our 5,200 employees serve customers in 28 countries on six continents. In 2011, Ahlstrom’s net sales amounted to EUR 1.6 billion. The company’s share is quoted on the NASDAQ OMX Helsinki. More information is available at www.ahlstrom.com.
Contact Information: Liisa Nyyssonen, Vice President, Communications, Tel. +358 10 888 4757
Contact InformationURL: http://www.ahlstrom.com
Phone: +358 10 888 4757