The Finnish Financial Supervisory Authority approved the supplement to the Ahlstrom-Munksjö merger prospectus

Ahlstrom Corporation informed that the Finnish Financial Supervisory Authority on March 10, 2017 had approved the supplement to the merger prospectus, which relates to the publication by Ahlstrom of its annual report 2016 on February 23, 2017 and the publication by Munksjö of its annual report 2016 on February 28, 2017.

According to the announcement, the merger prospectus, the supplement to the English language merger prospectus and the supplemented Swedish language summary are available on the internet at the company’s page.

The merger of Ahlstrom and Munksjö is expected to create a global leader in fiber-based solutions with preliminary combined annual net sales of approximately EUR 2.2 billion and adjusted EBITDA of EUR 249 million. The combined company will have approximately 6,200 employees as well as production in 14 countries.

Earlier Munksjö informed that the company’s Extraordinary General Meeting resolved to approve statutory absorption merger of Ahlstrom Corporation.

About Ahlstrom:

The company is a high performance fiber-based materials company. Its materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. Ahlstrom had around EUR 1.1 billion revenues in 2015, employing around 3300 people in 22 countries worldwide.

About Munksjö Group:

The company is an international specialty paper producer. It manufactures select specialty papers, which are central elements in the design and manufacturing processes. Its product offering includes  decor paper, release paper, electrotechnical paper, abrasive backings, graphic and industrial paper, interleaving paper and other products.

Source: Woodbizforum