Ahlstrom's divestment of production lines in Bethune confirmed
Ahlstrom Corporation STOCK EXCHANGE RELEASE 23.12.2010 at 10.30
Ahlstrom, a global leader in nonwovens and specialty papers, announces that it has completed the divestment of three dust filtration product lines in Bethune, SC, USA, to Andrew Industries.
Ahlstrom announced earlier this month the sale of the three production lines in Bethune and its Wuxi plant in China to Andrew Industries. The divestment of the Wuxi plant, which also makes dust filtration material, is anticipated to be completed in the first quarter of 2011.
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Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom´s products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.