EU approval to Ahlstrom and Munksjö business combination
The European Commission has approved the combination of Munksjö AB and Ahlstrom’s Label and Processing business. The approval is subject to the divestiture of Ahlstrom’s abrasive paper backings and pre-impregnated decor paper lines in Osnabrück to a third party.
The wallpaper and hybrid wallcovering business will remain with Ahlstrom, while the abrasive backings and pre-impregnated decor paper businesses will be divested to a third party in accordance with the commitments made to the EU Commission.
The second phase of the transaction, the demerger of Coated Specialties in Brazil, is expected to the completed during the second half of this year.