Ahlstrom-Munksjö Holding 3 Oy has completed the ownership arrangement of its Decor business, according to the reorganisation plan announced last May. As of 3 October, Ahlstrom-Munksjö started operating under the business name of Ahlstrom while the divested Decor business continues as an independent company under the Munksjö name.
Ahlstrom-Munksjö Holding divested its Decor business to a newly formed Swedish company named Munksjö AB. Ahlstrom Capital Group is a majority owner of Munksjö AB with a share of approximately 60 per cent in the company. Ahlstrom-Munksjö Holding has an approximate 25 per cent stake, and Nidoco AB holds approximately 15 per cent in the newly formed entity.
The reorganization of the ownership of the Decor business will generate cash in excess of €200m, supporting the group’s liquidity and strategy execution, Ahlstrom-Munksjö announced.