Ahlstrom-Munksjö completes the acquisition of majority stake in Chinese decor paper producer Minglian
AHLSTROM-MUNKSJÖ OYJ PRESS RELEASE JANUARY 14, 2022 at 10:30 EET Ahlstrom-Munksjö has successfully completed the acquisition of a 60% stake in Chinese decor paper producer Minglian New Materials Technology Co., Ltd. and forms a joint venture which comprises a state-of-the-art plant in the city of Xingtai, Hebei Province, China. A non-binding letter of intent with the majority shareholders was initially signed in November 2019 but the Covid-19 pandemic delayed the negotiations and closing of the transaction. By combining Minglian with its existing Decor business, Ahlstrom-Munksjö