Ahlstrom to Complete Transfer of Brazilian Wipes Business in 2Q 2012

March 30, 2012 - Ahlstrom said that it now expects the transfer of the Brazilian operation of its former wipes fabrics business, Home and Personal, to Suominen Corporation will take place in the second quarter of 2012.

Ahlstrom had previously expected the transfer would take place in the first quarter of 2012.

The transfer is subject to the Suominen receiving all necessary Brazilian regulatory permits for its operations.

The Home and Personal business area excluding the Brazilian part of the operation was transferred on October 31, 2011 to Suominen.

Receiving an approval from the competition authorities in Brazil is not a prerequisite for completing the deal, Ahlstrom added.

SOURCE: Ahlstrom Corp.