Ahlstrom has completed the sale of its German subsidiary with operations in Osnabrück to Kämmerer Paper Holding GmbH.
The sale will reduce Ahlstrom's annual net sales by about EUR 80 million and the impact on adjusted operating profit is slightly positive. The transaction will also include Ahlstrom's 50% stake in AK Energie (a joint venture with Kämmerer), which is the site's utility providing power and water treatment services.
Kämmerer is a specialty paper company operating two production lines at the same site, producing pre-impregnated decor papers and abrasive paper backings.
The transaction was announced on 7 November 2016. The parties have agreed not to disclose the purchase price of the transaction.
This story is reprinted from material from Ahlstrom, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.