Ahlstrom, a global leader in high performance fiber-based materials, announced the closing of the sale of its 35.5 percent shareholding in the Sonoco-Alcore joint venture to Sonoco after receiving clearance from certain local competition authorities.
The transaction value was EUR 39.5 million. As announced on July 24, 2006, Ahlstrom will book a capital gain of approximately EUR 3 million from the sale in its third quarter result.
The transaction supports Ahlstrom's strategy to focus on fiber-based materials and to divest non-core assets.
marketing@alchempro.com
