The company is discussing opportunities for partnering with Chinese companies.
After its acquisition by the Bain Capital-led consortium has been completed, Ahlstrom-Munksjö will reactivate the process to identify the interest of capital investment in its Decor business and find the best way to develop Decor's potential. "Our goal remains to accelerate the development of Decor into a stand-alone market leader, and we are open to the possibility that a new owner, fully focused on this business, may be best positioned to accomplish such an objective. New capital will also allow further investments to enhance Decor’s operating performance and enable expansion through acquisitions and mergers in China”, says President and CEO Hans Sohlström.
Ahlstrom-Munksjö says that the review process, which was announced in September 2019, had been impacted and delayed by the Covid-19 outbreak. In November 2019 the company had signed a letter of intent to acquire Chinese decor paper producer Hebei Minglian New Materials Technology. During the past few months, Ahlstrom-Munksjö has been discussing opportunities for partnering with leading Chinese suppliers to create a more global leader with strong presence in Europe, South America and Asia. Dialogue with potential partners in China is progressing. Ahlstrom-Munksjö says it is "open to the possibility that a new owner, fully focused on this business, may be best positioned to accomplish such an objective".
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