Eurocomet Completes Acquisition of Ahlstrom's Ascoli C1S Mill Assets in Italy
 Print this article | Send to Colleague
Ahlstrom, Finland, has completed the divestment of buildings, land, and assets at its Ascoli plant in Italy to Eurocomet. The value of the transaction, announced this past March 18, was approximately EUR 4 million. Ahlstrom says it 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 production of one-side coated papers there in early 2008 due to unsatisfactory profitability. Eurocomet will develop the site for purposes other than papermaking and the machinery will be scrapped. Ahlstrom noted that it will keep some of the machinery parts.
|
|
