July 24, 2023 - In March 2023, Ahlstrom launched a consultation process with employee representatives at its Stenay paper mill in France about the possibility to divest the plant, and if a buyer cannot be found considering closure.
After a long process to identify potential buyers, Ahlstrom has received a binding offer from Accursia Capital to acquire the Stenay mill. The potential acquisition is subject to consultation with employee representatives.
Stenay mill produces one-side coated specialty papers for specific uses in the packaging sector where there is overcapacity in Europe and competition with machines with a more competitive cost structure. The mill has an annual capacity of approximately 55,000 tons of specialty paper and has 127 employees.
Since the beginning of the consultation period, finding a buyer has been Ahlstrom's priority. The group has been working actively with all the local economic and political stakeholders in the area to support the process of finding a buyer.
With a strong commitment to achieving a positive outcome for all parties involved, Ahlstrom would be dedicated to making every effort during the transition to ensure the plant successfully enters its new chapter.
Ahlstrom is a global leader in combining fibers into sustainable specialty materials. The company serves five end markets through its five divisions: Filtration, Food & Consumer Packaging, Healthcare, Building Materials, and Technical Materials.
Paper Industry Newsletter
Stay on top of paper industry news
from around the world with
PaperAge's free weekly newsletter.
Delivered every Thursday.
Sign up today!