Ahlstrom sells paper business
Ahlstrom has signed an agreement to divest its pre-impregnated decor papers and abrasive paper backings businesses to Perusa, a German-based private equity group.
Under the terms of the agreement, Ahlstrom's pre-impregnated decor paper and abrasive paper backings businesses in Osnabrück, Germany, will be transferred to an entity held by Perusa Partners Fund 2, a private equity firm advised by Munich-based Perusa GmbH.
The parties have also formed a joint venture to operate the power plant and the water facilities for the site, Ahlstrom said.