Ahlstrom-Munksjö to acquire paper mill in Brazil

Annual net sales of the mill to be acquired are approximately 80 million euros and the debt-free purchase price approximately 100 million euros. Financing for the acquisition has been agreed with Banco Citibank.

The Caieiras mill is located close to Ahlstrom-Munksjö’s existing production plants in Brazil, near Sao Paolo. It will significantly strengthen Ahlstrom-Munksjö’s product offering, as it gives the Finnish company access to local production of decor paper, while further strengthening its position as a global leading supplier in tape.

“The Caieiras business is an excellent addition to our global platform and drives our ambition to maintain a leading position in selected niches of the global fibre-based solutions market that offers growth,” says Hans Sohlström, president and CEO of Ahlstrom-Munksjö.

The transaction is expected to be completed in the third quarter of 2018 and is subject to customary completion terms, including clearance from the relevant competition authorities.