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Ahlstrom Approved to Sell Pre-Impregnated Décor Paper, Abrasive Businesses to Perusa

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Ahlstrom, Finland, reports that the European Commission and the Brazilian competition authority CADE have approved Perusa Group as the buyer for its pre-impregnated décor papers and abrasive paper backings businesses. The divestment is to comply with commitments made to the European Commission and to CADE as disclosed in May of this year. The transaction between Ahlstrom and Perusa was announced this past October 18, and is expected to be completed during the first quarter of 2014 at the latest.

Ahlstrom fiber-based products are used in a variety of applications such as filters, medical gowns and drapes, diagnostics, wall coverings, flooring, and food packaging. In 2012, the company’s net sales from the continuing operations (excluding the Label and Processing business) amounted to EUR 1 billion. It has 3,800 employees.

 

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