Ahlstrom, a global leader in nonwovens and specialty papers, announces that it has completed the acquisition of Shandong Puri Filter & Paper Products Limited in China from the Purico Group.
Shandong Puri Filter & Paper Products Limited is a producer of transportation filtration media and operates a plant in Binzhou in the province of Shandong in northeastern China. The site currently employs 170 persons.
Ahlstrom announced the acquisition Shandong Puri Filter & Paper Products Limited on August 11, 2010 as part of implementing its growth strategy in Asia. The debt free transaction value is MEUR 22.5.
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Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom´s products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.