By P&PC Staff
By P&PC Staff
October 10, 2018 – Ahlstrom-Munksjö has completed the acquisition of U.S. specialty paper producer Expera Specialty Solutions for USD 615 million.
Ahlstrom-Munksjö says the acquistion will expand its presence in North America and further strengthen its offering of advanced custom-made fibre-based materials. The transaction will almost triple Ahlstrom-Munksjö’s net sales in the U.S.
Expera runs four paper mills, two with integrated pulp production, in Wisconsin.
The acquired operations had net sales of USD 721 million (EUR 616 million) and a comparable EBITDA of USD 71 million (EUR 61 million) in 2017.
“This acquisition is a major step in the execution of our strategy. It will further strengthen our position in fibre-based materials and enable us to offer more value to our customers, particularly in North America, but also around the world,” says Hans Sohlström, president and CEO of Ahlstrom-Munksjö. “We have complementary capabilities and can create further value through joint product development and sharing of best practices. Finally, I would like to welcome Expera’s personnel to Ahlstrom-Munksjö. “
Expera will be consolidated as part of Ahlstrom-Munksjö as of today. The acquired operations form Ahlstrom-Munksjö’s fifth business area and financial reporting segment, named North America Specialty Solutions.