Ahlstrom Corporation PRESS RELEASE November 7, 2016 at 08:15
Ahlstrom to divest Osnabrück plant to Kämmerer
Ahlstrom has signed an agreement to sell its German subsidiary with operations in Osnabrück to Kämmerer Paper Holding GmbH.
The parties have agreed not to disclose the purchase price of the transaction.
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 EUR 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.
Kämmerer is a specialty paper company operating two production lines at the same site, producing pre-impregnated decor papers and abrasive paper backings. The transaction is expected to be completed in January 2017.
For more information, please contact:
Investor Relations & Financial Communications Manager
Tel. +358 10 888 4731
Ahlstrom in brief
Ahlstrom provides innovative fiber-based materials with a function in everyday life. We are committed to growing and creating stakeholder value by proving the best performing sustainable fiber-based materials. Our products are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings, tapes, and food and beverage packaging. In 2015, Ahlstrom's net sales amounted to EUR 1.1 billion. Our 3,300 employees serve customers in 22 countries. Ahlstrom's share is quoted on the Nasdaq Helsinki. More information is available at www.ahlstrom.com.