The transaction is expected to be completed during the fourth quarter of 2024. This divestment allows Ahlstrom to focus on its specialty materials portfolio.
Oct 16, 2024
Ahlstrom, a global company in fiber-based specialty materials, has signed an agreement to divest its Aspa pulp mill in Sweden to Sweden Timber, a wood processing company with assets in papermaking and wood composites. The agreement includes the pulp mill and all its operations. It is a key step in Ahlstrom’s growth journey, reinforcing the company’s commitment to sustainable specialty materials.
Several external parties have expressed interest in acquiring the Aspa plant throughout the years. But for Ahlstrom, it was important to find an owner who has an interest in further developing the mill and ensuring its long-term success.
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Aspa mill and its employees have done a great job contributing to Ahlstrom’s success over the years, and I’m very thankful for that. We believe that Aspa will have a better home with Sweden Timber. This divestment allows us to focus on Ahlstrom’s specialty materials portfolio,” says Wolfgang Laures, Chief Operating Officer, Ahlstrom.
Talking about the new acquisition, Mikael Arvidsson, Sweden Timber, said, “We look forward to continuing business and developing Aspa together with the mill’s experienced team. We are committed to continuing to serve existing customers in the future with Aspa’s high-quality pulp.”
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The transaction is expected to be completed during the fourth quarter of 2024. Ahlstrom is focused on maintaining business continuity during the divestment process and ensuring a smooth transition of the mill and its employees.
