AHLSTROM-MUNKSJÖ OYJ, PRESS RELEASE, OCTOBER 3, 2022 at 09:00 EEST
Ahlstrom-Munksjö has started to operate under the business name Ahlstrom as of today, October 3, 2022. The company has completed the ownership reorganization of its Decor business and thus proceeded with its plan, announced in May 2022, to change its name to Ahlstrom. The divested Decor business continues as an independent company under the well-recognized Munksjö name.
In June 2022, Ahlstrom-Munksjö announced its intention to accelerate the pace of its strategy execution and set a goal to become the preferred sustainable specialty materials provider through a clearly defined purpose, sharper strategic focus and ambitious sustainability targets. A new operating model and reporting structure, effective as of July 2022, was implemented to effectively carry out the work.
President and CEO Hans Sohlström says: “This is a natural step for us as the name Ahlstrom has more than 170 years meritorious history. We are serving five growing markets and are leading the development in all these areas among the top companies. We will continue to operate through 38 plants in 13 countries and with some 7,000 employees who represent more than 50 nationalities.”
“Our strategic ambition for 2025 is to become the leader in combining fibers into performance materials. All we do will serve our purpose to Purify and Protect, with Every Fiber, for a Sustainable World. It is now our turn to take Ahlstrom to the future and transform it to the Preferred Sustainable Specialty Materials Company.”
The change of the business name to Ahlstrom is accompanied by a renewed logo where the symbol remains the same and the name is changed to Ahlstrom.
In line with the name change, the company’s web address has been changed to www.ahlstrom.com. Email addresses will be formed correspondingly (email@example.com). The legal company names will remain unchanged until they are changed later country by country in compliance with local legislation.
The name change to Ahlstrom will not affect the company’s customers or sales, strategy, structure, reporting or commitments.
The Decor business continues with the name Munksjö. Its offering consists of decorative surface materials for building material industries. Munksjö is the only international brand focused exclusively on decor paper.
For additional information, please contact:
Krista Tötterman, Communications Manager, Ahlstrom, tel. (+358) 10 8884722, email: firstname.lastname@example.org
Ahlstrom in brief
Ahlstrom is a global leader in combining fibers into sustainable specialty materials. Our purpose is to Purify and Protect, with Every Fiber, for a Sustainable World. Our vision is to be the Preferred Sustainable Specialty Materials Company for all our stakeholders. We serve five growing and distinctive end markets, which form the basis for our five divisions: Filtration, Food & Consumer Packaging, Healthcare, Building Materials, and Technical Materials. Our pro forma net sales 2021 for continuing operations amounted to EUR 2.6 billion and we employ some 7,000 people. Read more at www.ahlstrom.com