Ahlstrom Corporation, a global high performance materials company, estimates that the transfer of the Brazilian operation of its former wipes fabrics business, Home and Personal, to Suominen Corporation will take place in the second quarter of 2012.
Ahlstrom had previously anticipated the transfer would have taken place in the first quarter of 2012. The transfer is subject to the acquirer receiving all necessary Brazilian regulatory permits for its operations.
The Home and Personal business area excluding the Brazilian part of the operation was transferred on October 31, 2011 to Suominen Corporation. Receiving an approval from the competition authorities in Brazil is not a prerequisite for completing the transaction.
Ahlstrom is a high performance materials company, partnering with leading businesses around the world to help them stay ahead. Products are used in a large variety of everyday applications, such as filters, wallcovers, flooring, labels and food packaging. Its 5,200 employees serve customers in 28 countries on six continents. In 2011, Ahlstrom's net sales amounted to EUR 1.6 billion. More information is available at www.ahlstrom.com.
Ahlstrom to transfer Brazilian wipes business