Ahlstrom-Munksjo to Divest Fine Art Paper Business for EUR 44 Million

摘要

Ahlstrom-Munksjo and its French subsidiary Ahlstrom-Munksjo Arches,have entered into a non-binding memorandum of understanding to divest Ahlstrom-Munksjo Arches’ fine art paper business,under ARCHES~R brand,to Italy-based F.I.L.A.Group.Ahlstrom-Munksjo expects to close the deal in the first quarter of 2020,subject to employee negotiations and adjustments between seller and buyer.The standalone pro forma annual net sales of the fine art paper business to be divested are estimated to be approximately EUR 13 million and comparable EBITDA in excess of EUR 4 million in 2019.