Ahlstrom-Munksjö to acquire US-based Expera
Finland-based Ahlstrom-Munksjö will acquire US-based speciality paper producer Expera for 526 million euros.
The acquisition will considerably strengthen the presence of Ahlstrom-Munksjö in North America and almost triple its net sales in the US, while also extending its offering of advanced custom-made fibre-based materials.
Ahlstrom-Munksjö’s combined annual net sales will grow to around three billion euros after it closes the Expera acquisition and the purchase of the Caieiras paper mill in Brazil, announced back in April.
“We are excited to welcome Expera and their highly talented leadership team led by Russ Wanke to Ahlstrom-Munksjö,” says Hans Sohlström, president and CEO of Ahlstrom-Munksjö. “Together, our combined, complementary capabilities and expertise will further strengthen our position in fibre-based materials and will enable us to offer even more solutions, value and efficiencies to our customers in North America and around the world.”
Expera’s CEO, Wanke, will become a member of Ahlstrom-Munksjö’s executive management team and will be responsible for the acquired operations, which will be the fifth business area of Ahlstrom-Munksjö.
The closing of the transaction is subject to regulatory approval and is expected to take place in the second half of 2018.