Ahlstrom completes divestment of Ascoli plant and assets
Ahlstrom Corporation STOCK EXCHANGE RELEASE 31.5.2011 at 16.45
Ahlstrom Corporation, a global high performance materials company, has completed the divestment of the buildings, land and assets of its Ascoli plant in Italy to Eurocomet. The transaction was announced on March 18, 2011.
The value of the transaction was approximately EUR 4.0 million euros. Ahlstrom will book a non-recurring gain of approximately EUR 2.5 million in its second-quarter financial results.
Ahlstrom permanently closed the Ascoli plant and ceased the production of one-side coated papers there in early 2008 due to unsatisfactory profitability. Eurocomet will develop the site for other purposes than paper making and the machinery will be scrapped. Ahlstrom will keep some of the machinery parts.
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Ahlstrom in brief
Ahlstrom is a high performance 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, wallcovers, wipes, flooring, labels and food packaging. We have a leading market position in the businesses in which we operate. Our 5,700 employees serve customers in 26 countries on six continents. In 2010, Ahlstrom's net sales amounted to EUR 1.9 billion. The company's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.