Ahlstrom Advances Growth Strategy with Sale of Aspa Pulp Mill to Sweden Timber
(IN BRIEF) Ahlstrom has completed the sale of its Aspa pulp mill to Sweden Timber, a move that allows Ahlstrom to concentrate on its specialty materials portfolio as part of its growth strategy. Sweden Timber plans to expand its product offerings by incorporating pulp production through this acquisition, setting the stage for Aspa’s further development.
(PRESS RELEASE) HELSINKI, 2-Nov-2024 — /EuropaWire/ — Ahlstrom has successfully finalized the sale of its Aspa pulp mill to Sweden Timber, marking a strategic move announced on October 14, 2024. This divestment aligns with Ahlstrom’s ongoing transformation as the company sharpens its focus on its core specialty materials portfolio.
Sweden Timber, a Swedish-owned enterprise known for its production of wood, paper, and wood composite products for a worldwide market, sees this acquisition as an opportunity to expand its operations into pulp production. By integrating Aspa into its portfolio, Sweden Timber aims to enhance its offerings and capitalize on Aspa’s potential for growth in pulp production.
For Ahlstrom, the sale is a pivotal step in its broader growth strategy, redirecting resources toward its core specialty materials focus and facilitating its journey toward sustainable, long-term development.
Ahlstrom in brief
Ahlstrom is a global leader in combining fibers into sustainable specialty materials. Our purpose is to Purify and Protect, with Every Fiber, for a Sustainable World. Our vision is to be the Preferred Sustainable Specialty Materials Company for all our stakeholders. Our three divisions, Filtration and Life Sciences, Food and Consumer Packaging, and Protective Materials, address global trends with safe and sustainable solutions. Our net sales in 2023 amounted to EUR 3.0 billion and we employ some 7,000 people. Read more www.ahlstrom.com
Sweden Timber is a Swedish owned company that produce wood, paper and wood composite products for a global market. The business today consists of sawmills, planning mills, paper mill and production of biocomposite granulate. Production sites are located in Malmbäck, Hjortkvarn, Skillingaryd, Mora and Hyltebruk. More information about Sweden Timber: www.swedentimber.se, www.hyltepaper.com and www.woodcomposite.se.
Media Relation:
Katja Ollila
Vice President, Group Marketing and Communications
katja.ollila@ahlstrom.com
+358 44 517 0891
Investors Relation:
Johan Lindh
Vice President, Investor Relations
johan.lindh@ahlstrom.com
+358 10 888 4994
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Publish date : 2024-11-02 03:02:00
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