Ahlstrom has announced that it has received a binding offer from Munksjö for its Abrasives division. The potential divestment would also include Ahlstrom’s share of the Arches plant in France, currently jointly operated by both companies, along with all operations and personnel of the division.
The Abrasives division offers products such as Latex-impregnated paper, heavy-weight paper for abrasive backings, and high-performance papers for specialized applications. The divestment would allow Ahlstrom to focus more on its sustainable specialty materials portfolio, while Munksjö would gain additional capabilities to expand its decorative paper business.
“We are considering a binding offer for our Abrasives business that would allow us to focus on Ahlstrom’s specialty materials portfolio, marking another strategic step in our transformation journey,” said Helen Mets, President and CEO of Ahlstrom. “Finding a new owner that values Abrasives’ long-term development and success is highly important to us, and we believe Munksjö would provide an excellent new home for this business and its people.”
Definitive agreements will be made following consultations with employee representative bodies, and the closing of the transaction will be subject to regulatory approvals and other customary conditions, with completion expected in the coming months. Ahlstrom is committed to maintaining business continuity and ensuring a smooth transition for the Arches plant, as well as for its customers, employees, and other stakeholders.