PaperAge Magazine

Munksjö's and Ahlstrom's Extraordinary General Meetings Result in Approval of Merger

Munksjo abrasive backing paper The name of the combined company will be Ahlstrom-Munksjö Oyj with headquarters located in Helsinki, Finland.

January 11, 2017 - Extraordinary General Meetings (EGM) were held today in Helsinki by both Munksjö Oyj and Ahlstrom Corporation regarding approval of the combination of the two companies. The EGMs agreed to approve the combination of Munksjö's and Ahlstrom's business operations through a statutory absorption merger of Ahlstrom into Munksjö pursuant to the Finnish Companies Act and approve the merger plan.

The completion of the combination is subject to, among other things, merger control approvals from relevant competition authorities.

The registration of the execution of the merger is expected to take place in the beginning of the second quarter of 2017.

The name of the combined company will be Ahlstrom-Munksjö Oyj with headquarters located in Helsinki, Finland.

The company's field of business is to engage in the manufacture, converting and sale of fiber-based solutions and products and in other related or supporting activities, Munksjö said in a press release.

The full version of today's press release is available on Munksjö's website: www.munksjo.com.

Ahlstrom is a high performance fiber-based materials company. Its products are used in a large variety of everyday applications, such as filters, medical gowns and drapes, diagnostics, wallcoverings, flooring and food packaging. To learn more, please visit: www.ahlstrom.com.

Munksjö Oyj is an international specialty paper company. Product offerings include decor paper, release paper, electrotechnical paper, abrasive backings, graphic and industrial paper and interleaving paper. To learn more, please visit: www.munksjo.com.

SOURCE: Munksjö Oyj

See related story:
Nov. 7, 2016: Ahlstrom and Munksjö Announce Proposed Merger