Ahlstrom-Munksjö completes the sale of fine art paper business ARCHES®
AHLSTROM-MUNKSJÖ OYJ PRESS RELEASE MARCH 3, 2020 at 9:00 am EET
Ahlstrom-Munksjö has completed the sale of its fine art paper business ARCHES® to Italian based F.I.L.A. Group, Fabbrica Italiana Lapis ed Affini S.p.A., at a debt and cash free price of EUR 43.6 million.
On October 30, 2019, Ahlstrom-Munksjö Oyj announced that it had entered into a non-binding memorandum of understanding to divest the business with F.I.L.A. Group, Fabbrica Italiana Lapis ed Affini S.p.A.
The fine art paper business is small and has limited synergies within Ahlstrom-Munksjö’s portfolio of businesses. F.I.L.A. is a strategic and industrial owner, a leading global player in its field, for which the ARCHES paper product range is complementary and provides further growth opportunities.
Johan Lindh, VP Group Communications and Investor Relations, tel. +358 10 888 4731
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials and solutions for diagnostics as well as a range of specialty papers for industrial and consumer end-uses. Our annual net sales is about EUR 3 billion and we employ some 8,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. Read more at www.ahlstrom-munksjo.com