Ahlstrom-Munksj\u00f6 has entered into an agreement to acquire 60 percent of Chinese decor paper producer Minglian New Materials Technology Co., Ltd. and form a joint venture, comprising a state-of-the-art decor paper plant in the city of Xingtai, Hebei Province, China. A non-binding letter of intent with the majority shareholders was initially signed in November 2019 but the Covid-19 pandemic delayed the negotiations and signing of the transaction.<\/p>\n
By combining Minglian with its existing Decor business, Ahlstrom-Munksj\u00f6 will create a global leader in decor papers with improved cost competitiveness and strong presence in Europe, Americas and Asia. The business combination will allow Ahlstrom-Munksj\u00f6 to leverage its brand and capabilities in the large and growing high-end decor paper market in China and strengthen Ahlstrom-Munksj\u00f6\u2019s ability to serve international customers both in the short- and long term. Ahlstrom-Munksj\u00f6 will provide technical and operational expertise to Minglian and strengthen Minglian\u2019s customer offering and service in the domestic medium and high-quality segment as well as adjacent export markets. Minglian provides cost competitive manufacturing to the combined Decor business platform and opportunities to optimize production.\u00a0\u00a0 <\/p>\n
The transaction is subject customary closing conditions, and it is expected to be completed during the fourth quarter of 2021.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":2688,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[290],"class_list":["post-2687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ahlstrom-munksjoe"],"acf":{"photo_gallery":{"galerie":[[]]}},"yoast_head":"\n