Ahlstrom completes the sale of its shares in Jujo Thermal to Nippon Paper Industries
December 30, 2013 - London
Ahlstrom Corporation STOCK EXCHANGE RELEASE December 30, 2013 at 15.30
Ahlstrom, a global high performance fiber-based materials company, has today completed the sale of its shares in Jujo Thermal Ltd to Nippon Paper Industries Co., Ltd.
Under the agreement, Ahlstrom sold its shares in Jujo Thermal to Nippon Paper Industries for a purchase price of EUR 2.75 million. The transaction was announced on December 23, 2013.
Jujo Thermal Ltd, a company manufacturing thermal paper in Kauttua, was established in 1992 by Ahlstrom Corporation, Nippon Paper Industries Co., Ltd and Mitsui & Co., Ltd. Ahlstrom continues to produce crepe papers in Kauttua, employing approximately 20 people.
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Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. Our products are used in a large variety of everyday applications, such as filters, medical gowns and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a leading market position in the businesses in which we operate. In 2012, Ahlstrom's net sales from the continuing operations (excluding Label and Processing business) amounted to EUR 1 billion. Our 3,800 employees serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahlstrom Oyj via Globenewswire