Ahlstrom Completes Sale of Paulinia Plant to Suominen
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Ahlstrom, Finland, has completed the sale of the shares of Ahlstrom Fabricação de Não-Tecidos Ltda to Suominen Corp. Suominen company operates the Brazilian plant of Ahlstrom's former Home and Personal business area.
Ahlstrom sold its wipes business, the Home and Personal business area, to Suominen in 2011, but the transfer of the Paulínia plant in Brazil was prolonged due to delays in certain required official permissions and subsequent renegotiations between Suominen and Ahlstrom. The enterprise value of the transaction was EUR 17.5 million.
