Ahlstrom to acquire FiberMark's North American absorbent materials business
Ahlstrom Corporation, a leader in high performance fiber-based solutions, announced today that it has acquired the absorbent and blotting materials business from FiberMark in North America.
This transaction continues to grow Ahlstrom's position in specialty filtration market segments. The acquired business, with net sales of approximately EUR 3 million, will be integrated into the existing product offering that Ahlstrom currently supplies from its Mt. Holly Springs, PA, USA site. This product portfolio is a perfect match with the high purity production capabilities of this site as well as its tradition of customized and converted products.
Ahlstrom will make every effort to make the business transition from FiberMark as smooth as possible for existing customers. They will be contacted individually to discuss the specifics of this transfer.
Customers can take confidence in the transition process as Ahlstrom has had a good track record of integrating businesses from FiberMark, this transaction being the fourth between the two companies in the past 4 years.
"This acquisition fits well with Ahlstrom's specialty filtration business." commented Scott Murdock VP of Filtration for North America, "We know the market and have the structure to service it, we have the right production capabilities and we are now well positioned to be a major supplier to this market. This purchase strengthens Ahlstrom's position and increases our product offering in the specialty filtration market."
Contacts:
Scott Murdock, VP, Filtration North America, +1 860 654 8362, scott.murdock@ahlstrom.com
Jerome Barrillon, Director Marketing, Filtration, +1 860 654 8607, jerome.barrillon@ahlstrom.com
Ahlstrom in brief:
Ahlstrom is a leader in the development, manufacture and marketing of high performance fiber-based materials. Nonwovens and specialty papers, made by Ahlstrom, are used in a large variety of everyday products, e.g. in filters, wipes, flooring, labels, and tapes. The company has a strong market position in several business areas in which it operates, built upon the company's unique fiber expertise and innovative approach. Ahlstrom's 5,400 employees serve customers via sales offices and production facilities in more than 20 countries on five continents. In 2004, Ahlstrom's net sales amounted to EUR 1.6 billion. The company website is www.ahlstrom.com.