Ahlstrom-Munksjö to grow decor paper business in China

Photo courtesy of Ahlstrom-Munksjö
28 Nov 2019 − 

The proposed acquisition of Hebei Minglian will increase Ahlstrom-Munksjö's decor paper capacity by 20% and strengthen its position in the growing Chinese market.

Ahlstrom-Munksjö plans to take over Chinese decor paper manufacturer Hebei Minglian New Materials Technology for €60m debt free. The company signed a non-binding agreement with Minglian's majority shareholders. The transaction was subject to due-dilligence and final and binding transaction agreements, Ahlstrom-Munksjö explained. Closing of the transaction is expected for the first quarter 2020.

Ahlstrom-Munksjö's Decor business comprises five production plants in Brazil, France, Germany and Spain and had net sales of €452m in 2018. The company mainly produces decor paper for laminated furniture, flooring and interior applications.

This is an excerpt from our article on Ahlstrom-Munksjö, which will be published in EUWID Pulp and Paper no.49 on 4 December 2019.

To gain full access to company news and in-depth market and price reports on major paper and board grades, raw materials and consumables consider subscribing to EUWID Pulp and Paper or start a three-week free trial.

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