Ahlstrom-Munksjö completes the sale of glass fiber reinforcement business
Ahlstrom-Munksjö has completed the sale of its glass fiber reinforcement business in Mikkeli, Finland, to Vitrulan Composites Oy, a fully owned subsidiary of Vitrulan Group and part of the family-owned industrial holding ADCURAM Group.
The transaction was announced on November 21, 2019.
Ahlstrom-Munksjö is a leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Their mission is to expand the role of fiber-based solutions for sustainable everyday life. Their offering include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials and solutions for diagnostics as well as a range of specialty papers for industrial and consumer end-uses. Their annual net sales is about EUR 3 billion and they employ some 8,000 people.
