Ahlstrom completes divestment of Wuxi plant to Andrew Industries
Ahlstrom Corporation STOCK EXCHANGE RELEASE 31.3.2011 at 12.50
Ahlstrom Corporation, a global high performance materials company, has today completed the divestment of the Wuxi plant in China to Andrew Industries.
Ahlstrom announced the sale of the Wuxi plant and three production lines at its site in Bethune, SC, USA, to Andrew Industries in December. The divestment of the production lines in Bethune was completed in December. All the sold assets produce dust filtration materials.
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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.