The merger of Munksjö and Ahlstrom has been registered
The Board of Directors has elected the Chairman and Vice Chairmen.
The completion of the merger of Ahlstrom Corporation into Munksjö Oyj was registered with the Finnish Trade Register on 1 April 2017. Following the completion of the merger, the name of the combined company has changed to Ahlstrom-Munksjö Oyj (“Ahlstrom-Munksjö”).
Hans Sohlström, Chairman of the Board of Ahlstrom-Munksjö, commented: “With the completion of the merger, Ahlstrom-Munksjö is now devoted to further building its platform for profitable growth. The area of fiber-based materials, contributing to innovative solutions for sustainable end-products, is exciting and expected to enhance future competitiveness and unlock even greater value for our shareholders and customers. I am confident that the company’s combined experiences from earlier business combinations and integration processes will create the best prerequisites for both short-term and long-term performance.”
Jan Åström, President and CEO of Ahlstrom-Munksjö, continued: “After months of preparations, we can finally start acting as one company. By bringing together our experience, skills and innovation capacity we can add further value to all customers and stakeholders. By being devoted to increase efficiency and lower costs without compromising on our quality leadership I am convinced that we will be able to achieve the communicated target of annual synergies of EUR 35 million and also to add top line opportunities. I am honored to lead our combined team of talented employees and look forward to our future as Ahlstrom-Munksjö.”
Ahlstrom-Munksjö’s Board of Directors following the completion of the merger consists of Sebastian Bondestam, Alexander Ehrnrooth, Johannes Gullichsen, Jan Inborr, Hannele Jakosuo-Jansson, Harri-Pekka Kaukonen, Mats Lindstrand, Anna Ohlsson-Leijon, Elisabet Salander Björklund, Peter Seligson and Hans Sohlström. The Board of Directors has elected Hans Sohlström as Chairman and Peter Seligson and Elisabet Salander Björklund as Vice Chairmen of the Board of Directors.
The combination of Ahlstrom and Munksjö creates a global leader in sustainable and innovative fiber-based solutions with a combined annual net sales of approximately EUR 2.2 billion, approximately 6,200 employees and 41 production and converting facilities in 14 countries.