Ahlstrom Corporation STOCK EXCHANGE RELEASE December 23, 2013 at 15.15
Ahlstrom, a global high performance fiber-based materials company, has signed an
agreement to sell its shares in Jujo Thermal Ltd to Nippon Paper Industries Co.,
Ltd. Jujo Thermal Ltd, a company manufacturing thermal paper in Kauttua, was
established in 1992 by Ahlstrom Corporation, Nippon Paper Industries Co., Ltd
and Mitsui & Co., Ltd.
Under the agreement, Ahlstrom will sell its shares in Jujo Thermal to Nippon
Paper Industries for a purchase price of EUR 2.75 million. The transaction is
subject to certain closing conditions and is expected to be completed by the end
Ahlstrom's decision to sell its stake is in line with strategy to focus on high
performance fiber-based product offering for a clean and healthy environment.
"We have had very good collaboration with Nippon Paper over the 20 years we have
worked together at Kauttua. We have grown the business together and we are
pleased with our achievements in the thermal paper business," said Jan Lång,
President & CEO, Ahlstrom.
Jujo Thermal is one of the world's leading suppliers of durable direct thermal
papers for labels, tickets and tags and point-of-sales use. Since March 2012
when Mitsui & Co., Ltd. sold its shares, Ahlstrom and Nippon Paper Industries
have both owned 50% of Jujo Thermal. Jujo Thermal's annual net sales are
approximately EUR 90 million and it employs about 200 people.
Ahlstrom will continue to produce crepe papers in Kauttua, employing
approximately 20 people in Kauttua.
For more information, please contact:
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. Our products are
used in a large variety of everyday applications, such as filters, medical gowns
and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a
leading market position in the businesses in which we operate. In 2012,
Ahlstrom's net sales from the continuing operations (excluding Label and
Processing business) amounted to EUR 1 billion. Our 3,800 employees serve
customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX
Helsinki. More information available at www.ahlstrom.com.