Ahlstrom sells a property in Germany for EUR 7.5 million
Jul 28, 2006, Ahlstrom, a global leader in high performance fiber-based materials, today announced it has sold a property in Hochheim, Germany to WM-Bauträger GmbH for EUR 7.5 million. Ahlstrom books a capital gain of approximately EUR 4 million in the third quarter of 2006.
The transaction follows the sale announced in June and completes the divestment of Ahlstrom’s remaining property in Hochheim. The sale is consistent with Ahlstrom’s strategy to focus on high performance fiber-based materials and to divest non-core assets and reduce related costs.
The property consists of a land area of approximately 66,000 m² including production, warehouse and office buildings. It was a part of Ahlstrom’s packaging operations that have been divested earlier.
Ahlstrom in brief
Ahlstrom is a global leader in the development, manufacture and marketing of high performance fiber-based materials. Nonwovens and specialty papers, made by Ahlstrom, are used in a large variety of everyday products, e.g. in filters, wipes, flooring, labels, and tapes. The company has a strong market position in several business areas in which it operates, built upon the company’s unique fiber expertise and innovative approach. Ahlstrom’s 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2005, Ahlstrom’s net sales amounted to EUR 1.55 billion. Ahlstrom’s share is listed on the main list of the Helsinki Stock Exchange. The company website is www.ahlstrom.com.
- Contact Information
- Mr. Risto Anttonen
- Senior Vice President, Commercial Operations
- Contact via E-mail
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