FDBusiness.com

Ahlstrom to focus on food packaging after label demerge

 Breaking News
  • PepsiCo to Acquire SodaStream International For $3.2 Billion PepsiCo has agreed to acquire SodaStream International, the international producer of home carbonation systems, for $3.2 billion. The transaction will be funded with PepsiCo’s cash on hand. The acquisition has been unanimously approved by the boards of directors of both companies but is subject to a SodaStream shareholder vote, certain regulatory approvals and other customary [...]...
  • €48 Million Investment Programme at Aurivo As a key component of its Engage 2022 strategic growth plan, Aurivo, the agri business headquartered in the north-west of Ireland, has announced a €48 million investment plan for the next five years. The expansion programme incorporates a range of projects across its dairy ingredients, consumer foods and agri businesses and will grow employment across [...]...
  • ADM Adds to Nutrition Offerings With Acquisition of Probiotics International Archer Daniels Midland Company has successfully completed its acquisition of Probiotics International – known under its umbrella brand Protexin – a UK-based manufacturer of innovative research-based, natural healthcare and probiotic supplements for human, pet and production-animal use. The £185 million deal is the latest in a series of investments as ADM continues to expand its [...]...
  • Iconic Biscuits Launches New Local Brand – Boozy Biccies Launched in 2017, Iconic Biscuits was developed to fill the need for a locally produced, Northern Ireland biscuit in the international gift market. This year, they have a new range of biscuits, designed for the home market. Boozy Biccies is a fun and exciting new selection of biscuits in three flavours, all made using local ingredients [...]...
  • Coca-Cola to Acquire Minority Stake in Sports Performance Brand Coca-Cola is taking a minority ownership stake in BODYARMOR, a fast-growing line of premium sports performance and hydration beverages. Through this strategic relationship, BODYARMOR will remain an independent company and gain access to the expansive Coca-Cola bottling and distribution system. The initial investment, which will be part of the Coca-Cola North America Venturing & Emerging Brands [...]...

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

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements