FDBusiness.com

Ahlstrom to focus on food packaging after label demerge

 Breaking News
  • Heineken Opens First Brewery in Mozambique Heineken has officially opened its first brewery in Mozambique. The new brewery, incorporating the latest technologies, represents a US$100 million (€85 million) investment. Located in the province of Maputo, between the Marracuene and Manhiça districts, the brewery will have a production capacity of 0.8 million hectolitres. It recently started to brew Txilar, a brand-new beer [...]...
  • Müller Targets UK Natural Yogurt Market Müller, the UK’s most popular yogurt brand[1], has launched its first ever range of natural yogurt. Made with milk from British farms, the natural range is fat free, high in protein and includes 0% added sugar. With the launch of Müllerlight Natural and Müllerlight Greek Style Natural, the Official Yogurt of British Athletics[2] is continuing to target [...]...
  • AAK’s Flaked Fats to Deliver the Perfect Pizza Experience AAK is ready to help manufacturers create pizzas with an innovative range of flaked fats that enhance crust quality, taste and texture, as well as offering easy handling during the production process. Crust type, quality and mouthfeel are a big part of what consumers are looking for when choosing pizza.1 AAK’s flaked fats are a [...]...
  • Global Cocoa Production to Hit a Record 4.85 Million Tonnes in 2019 Informa’s Agribusiness Intelligence, the leading provider of news, data, analysis and forecasts across the agricultural and commodities value chain, has revealed cocoa production will hit a record high of 4.85 million tonnes in 2019. Despite uncertain times for the cocoa market, an increase in global cocoa production is almost certain this year with West African [...]...
  • Jameson Enters the Top 10 Premium Spirits Brands in the World List Jameson Irish whiskey, which is produced by Irish Distillers at Midleton Distillery in Cork, has entered the top 10 of IMPACT magazine’s annual ‘Top 100 Premium Spirits Brands Worldwide’ list for the first time ever, after increasing sales 10% to a record 7.5 million nine-litre cases in 2018. In addition, Jameson scored its 18th consecutive year [...]...

Ahlstrom to focus on food packaging after label demerge

Ahlstrom to focus on food packaging after label demerge
August 28
09:24 2012

Packaging materials firm Ahlstrom has announced that it is to demerge its Label and Processing business to focus on other areas including food packaging

The Label and Processing business will combine with principally-owned EQT firm, Munksjö AB, to form Munksjö Corporation.

The new company will focus on speciality papers and is expected to create synergies in the range of €25-30m when the transaction is completed during the first quarter of 2013.

Ahlstrom said the deal will enable it to focus on its value-added business areas including food packaging, building and energy.

Ahlstrom’s Label and Processing business includes self-adhesive labels, wet glue labels and metalized labels for beverages and non-food packaging.

Its Food and Medical segment provide materials for teabags, fibrous meat casings and baking papers.

The first stage will see the European operations of the Label and Processing business area separated through a partial demerger and transferred into Munksjö Corporation in exchange for shares distributed to Ahlstrom’s shareholders.

The second stage, following the public listing of the new company, will see Coated Specialties, the Brazilian part of the Label and Processing business area, separated through another partial demerger into Munksjö Corporation.

The plants in the transaction are Osnabrück in Germany; La Gere, Rottersac and Stenay in France, Label and Processing operations in Turin, Italy and the Coated Specialties plant in Jacarei, Brazil.

‘Growth opportunities’

“This transaction of combining the Label and Processing business area with Munksjö is the most significant step in our strategy execution,” said Jan Lång, president and chief executive of Ahlstrom.

“It allows us to concentrate our resources to the areas where we see the most attractive value-add and growth opportunities.

“In addition to reinforcing our global leadership in Filtration, we seek growth opportunities in high performance materials for building, food packaging and medical applications.”

Following the transaction Munksjö´s current shareholders will own 29% of the company and Ahlstrom’s current shareholders will own 50%.

Jan Åström, president and chief executive of Munksjö, will become the president and chief executive of Munksjö Corporation and the head office will be in Stockholm.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements