Ahlstrom estimates sale of Brazilian operation of its former wipes fabrics business Home and Personal to Suominen to take place in Q2
March 30, 2012
– Ahlstrom Corporation, a global high performance materials company, estimates that the transfer of the Brazilian operation of its former wipes fabrics business, Home and Personal, to Suominen Corporation will take place in the second quarter of 2012.
Ahlstrom had previously anticipated that the transfer would have taken place in the first quarter of 2012. The transfer is subject to the acquiror receiving all necessary Brazilian regulatory permits for its operations.
The Home and Personal business area excluding the Brazilian part of the operation was transferred on October 31, 2011 to Suominen Corporation. Receiving an approval from the competition authorities in Brazil is not a prerequisite for completing the transaction.