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Ahlstrom to sell Altenkirchen mill

Dec 8 2010  Ahlstrom recently announced that the group has signed an agreement to exit its Sealing & Shielding business unit through the sale of Ahlstrom Altenkirchen GmbH in Germany.

The acquirer of the Altenkirchen plant is Interface Solutions, a portfolio company of Pennsylvania-based family owned private equity fund Susquehanna Capital. The value of the transaction is approximately 6.5 million Euros.Ahlstrom Altenkirchen GmbH, which is part of Ahlstrom's Label and Processing Business Area, has two paper machines and employs approximately 130 people. Its products include gasket and heat shield materials for the automotive industry and calender bowl materials for the paper industry.Products manufactured by the Altenkirchen site differ technically from the other nonwoven and specialty paper products made by Ahlstrom and therefore do not fit strategically with the company's portfolio. Interface Solutions is a global leader in gasket materials for the automotive industry.

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