Ahlstrom-Munksjö has completed the acquisition of U.S. specialty paper producer Expera Specialty Solutions for an enterprise value of $615 million (Euro 526 million) on a cash and debt free basis.
The transformative acquisition will expand the company’s presence in North America and further strengthen its offering of advanced custom-made fiber-based materials. The earnings enhancing transaction will almost triple Ahlstrom-Munksjö’s net sales in the U.S. and provide a platform for growth.
Hans Sohlström, President and CEO of Ahlstrom-Munksjö, comments: “This acquisition is a major step in the execution of our strategy. It will further strengthen our position in fiber-based materials and enable us to offer more value to our customers, particularly in North America, but also around the world. 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. “
The acquired operations form Ahlstrom-Munksjö’s fifth business area and financial reporting segment, named North America Specialty Solutions.
Russ Wanke, the former President and CEO of Expera, has been appointed Executive Vice President, North America Specialty Solutions and a member of Ahlstrom-Munksjö’s Executive Management Team.
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions.