Nip Impressions logo
Fri, Mar 29, 2024 07:18
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Ahlstrom-Munksjö completes acquisition of Caieiras mill in Brazil

BRAZIL (News release) -- Ahlstrom-Munksjö has completed the acquisition of MD Papéis' Caieiras specialty paper mill in Brazil for a debt free purchase price of about Euro 98 million.

The acquired business had net sales of about Euro 76 million and comparable EBITDA of Euro 12 million in 2017. Annual synergy benefits of up to Euro 6 million are estimated, mainly arising from optimization of overlapping businesses.

The Caieiras product offering is an excellent match for Ahlstrom-Munksjö with 80% of sales being in line with the company's current portfolio. The plant gives access to local production of decor paper, thus strengthening Ahlstrom-Munksjö's offering and partnership with existing customers, who have so far relied on imports.

Ahlstrom-Munksjö is already a global leader in tape materials, serving both local and global customers and this position is further strengthened through the acquisition. In addition, production and delivery capabilities as well as competitiveness are improved by combining Caieiras with the company's operation in nearby Jacarei.

Ahlstrom-Munksjö operates three plants near Sao Paolo, employing over 700 people with revenues of approximately of Euro 200 million following the acquisition.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: