Ahlstrom's transfer of Brazilian wipes business delayed
June 21 Ahlstrom estimates that the transfer of the Brazilian operation of its former wipes fabrics business to Suominen Corporation will take place in the third quarter of 2012 instead of the second quarter as planned.
Ahlstrom had previously anticipated that the transfer would have taken place in the second quarter of 2012. The transfer is subject to receiving all necessary Brazilian regulatory permits for the operations.The Home and Personal business area excluding the Brazilian part of the operation was transferred on October 31 last year to Suominen Corporation. Receiving an approval from the competition authorities in Brazil is not a prerequisite for completing the transaction, according to a press release from Ahlstrom.