In other news, Ahlstrom has signed an agreement to buy Fabriano Filter Media SpA, based in Sassoferrato, Italy. Fabriano is a manufacturer of microglass filter media, serving mainly the high efficiency air filtration market. The transaction price is approximately €7 million.
The transaction complements Ahlstrom's air filtration portfolio, increasing the medium efficiency product offering and giving the company access to the growing markets for high efficiency products. With the addition of Fabriano's filter media business, Ahlstrom reinforces its position as a leading provider of filtration solutions to the global air filtration industry. The transaction includes one manufacturing plant with net sales of approximately €7 million and 32 employees. The acquired business will be closely integrated with Ahlstrom's current Italian operations in Turin.