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Ahlstrom-Munksjö set to acquire Caieiras facility

04.05.2018 − 

Ahlstrom-Munksjö has reached a deal with Brazilian Grupo Formitex to acquire a mill in Caieiras, São Paulo, which specialises in decor paper and has so far been part of the Formitex subsidiary MD Papéis.

The purchase price was put at about €100m on a debt-free basis in the take-over agreement inked on 24 April. A statement released by Ahlstrom-Munksjö on the same day indicates that Banco Citibank will finance the deal. Closing is slated for some time in the third quarter once conditions have been met.

MD Papéis runs four paper machines with working widths of 220 cm, 230 cm, 250 cm and 260 cm in Caieiras; its manufacturing capacity was recently listed at about 70,000 tpy. Besides decor paper, its portfolio also includes packaging paper, greaseproof paper, masking tape and coffee filter paper.

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