Ahlstrom to Complete Brazilian Wipes Transfer this Quarter
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Ahlstrom Corp, Finland, estimates that the transfer of the Brazilian operation of its former wipes fabrics business, Home and Personal, to Suominen Corp. of Finland will take place in the second quarter this year. Ahlstrom had previously anticipated that the transfer would have taken place in the first quarter. The transfer is subject to the acquirer receiving all necessary Brazilian regulatory permits for its operations.
The Home and Personal business area, excluding the Brazilian part of the operation, was transferred on Oct. 31, 2011, to Suominen Corp. Receiving approval from the competition authorities in Brazil is not a prerequisite for completing the transaction.
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