Ahlstrom completes divestment of Altenkirchen site in Germany
Jan 03, 2011. Ahlstrom has completed the divestment of Ahlstrom Altenkirchen GmbH in Germany to Interface Solutions. The value of the transaction is approximately Euro 6.5 million.
Jan 03, 2011. /Lesprom Network/. Ahlstrom has completed the divestment of Ahlstrom Altenkirchen GmbH in Germany to Interface Solutions, as the company said in a press release received by Lesprom Network.
Ahlstrom announced earlier this month the sale of the Altenkirchen site to Interface Solutions, a portfolio company of Pennsylvania-based family owned private equity fund Susquehanna Capital. The value of the transaction is approximately Euro 6.5 million. Ahlstrom will book a non-recurring gain of approximately Euro 5 million from the sale in its 4Q 2010 financial result.
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers.