Ahlstrom to sell its West Carrollton plant to West Carrollton Parchment and Converting
ET | Source:Ahlstrom
Ahlstrom Corporation STOCK EXCHANGE RELEASE November 22, 2013 at 9.30
Ahlstrom, a global high performance fiber-based materials company, has signed an
agreement to sell the converting operations of its West Carrollton plant in
Ohio, USA, to West Carrollton Parchment and Converting Inc., an Ohio-based
family-owned company. The transaction is expected to be completed by the end of
Under the agreement, Ahlstrom will sell its vegetable parchment converting
assets and related order book to West Carrollton Parchment and Converting. The
parties have agreed not to disclose the value of the agreement. The
approximately 70 employees at the plant will transfer to West Carrollton
Parchment and Converting. Ahlstrom will book a non-recurring cost of EUR 1.3
million related to the transaction in its fourth-quarter 2013 financial results.
As part of the sale, Ahlstrom and West Carrollton Parchment and Converting will
establish a long-term supply agreement for vegetable parchment paper, which is
primarily used in food packaging.
Ahlstrom's Food and Medical business area will continue to operate 9 production
plants in France, United Kingdom, USA, India, China and Finland.
For more information, please contact:
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. Our products are
used in a large variety of everyday applications, such as filters, medical gowns
and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a
leading market position in the businesses in which we operate. In 2012,
Ahlstrom's net sales from the continuing operations (excluding Label and
Processing business) amounted to EUR 1 billion. Our 3,800 employees serve
customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX
Helsinki. More information available at www.ahlstrom.com.
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