Ahlstrom to sell nonwoven plant in Brasil
Ahlstrom Corporation and Suominen Corporation have agreed on the sale of the shares of Ahlstrom Fabricação de Não-Tecidos, to Suominen.
The enterprise value of the transaction is agreed at EUR 17,5 million.
Ahlstrom sold its wipes business, the Home and Personal business area, to Suominen in 2011, but the transfer of the Paulínia plant in Brazil was prolonged due to delays in certain required official permissions and subsequent renegotiations between Suominen and Ahlstrom. The plant sold today is located in Paulínia, Brazil, approximately 120 kilometers northwest of São Paulo.