Ahlstrom Corporation, a leader in high performance fiber-based materials, today announced the purchase of a part of FiberMark's specialty filtration business activities in North America. Total related revenues for this business are USD 5 million (EUR 5 million).

The purchase includes industrial and process filtration products, related customer list, patents and converting equipment. These products will be transferred to Ahlstrom's Mount Holly Springs, PA, plant. Mount Holly Springs plant is part of Ahlstrom's FiberComposites division and manufactures specialty filtration products for industrial, laboratory and process filtration applications.

Jukka Moisio, FiberComposites division president, commented "this purchase reinforces Ahlstrom's position as a leading US supplier of filtration media by adding complementary products to Ahlstrom's existing specialty filtration range".

In a bid to simplify their respective manufacturing processes, Ahlstrom and FiberMark also agreed to swap Ahlstrom's US vacuum bag filter media with FiberMark's nonwoven tablecloth business activities. Ahlstrom will work closely with FiberMark to ensure that a seamless transition is made.

Editors Notes:

Ahlstrom's FiberComposites division manufactures products for engine filtration, nonwoven and reinforcement composites markets worldwide. Ranked among the top 10 nonwoven manufacturers, its engineered fabrics are used in industrial products as well as everyday consumer products, e.g. surgical gowns, tea bags and wipes. The division is a leading supplier of engine filtration products to the transport industries. Its expertise in reinforcement composites, derived mostly from glassfibre, serves the energy, marine, sporting goods and transport sectors. The FiberComposites division employs more than 2500 people, operates from 16 sites in Europe, the Americas and Asia, and in 2001 had net sales of EUR 665 million (US$ 585 million).

Ahlstrom serves niche markets worldwide. Our fiber solutions are used in a large variety of everyday products for the environment, health care, transport, packaging and home & office.

The company whose heritage spans more than 150 years, is headquartered in Helsinki, Finland, employs approximately 6700 people and serves customers with sales networks and production facilities in more than 20 countries on five continents.

Today annual net sales of Ahlstrom's fiber solutions business are more than EUR 1.7 billion (US$ 1.7 billion). The company website is www.ahlstrom.com.