Ahlstrom to demerge its Label and Processing business
30 Aug '12
5 min read
Munksjö AB is a Swedish specialty papers company currently with the privaate equity firm EQT as its main owner. The net sales of Munksjö on a pro forma basis totaled approximately EUR 645 million[2] in 2011, and its EBITDA on a pro forma basis (excluding non-recurring items) margin was 7.6[2] percent. The company employs about 1,800 people and has ten plants in Europe and Asia. Its main products include decor papers, abrasive backings, electrotechnical papers, and long-fiber specialty pulp.
Jan Åström, President & CEO of Munksjö AB, will become the President & CEO of the new company. The parties have agreed that the Chairman of the intermediate Board of Directors of Munksjö Corporation will be appointed by Ahlstrom. Peter Seligson has been appointed as an intermediate Chairman of Munksjö Corporation. The head office of Munksjö Corporation will be located in Stockholm, and its shares will be listed on the NASDAQ OMX Helsinki.
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