Ahlstrom Sells Its Suominen Shares; Introduces Pleat2Save™, VaporCool™

Finland-based Ahlstrom Corp. has sold its 26.9-percent shareholding in Finland-based Suominen Corp. to AC Invest Two BV, a company within the Ahlstrom Capital Group. Each share was sold for 0.50 euros (62 cents) bringing the value of the sale to 33.3 million euros ($41 million). The sale will result in a non-recurring gain of approximately 11 million euros ($14 million) in Ahlstrom’s fourth quarter 2014 interim results.

In other company news, Ahlstrom has introduced two new products. The Pleat2Save™ portfolio of filtration media is designed for residential, commercial and healthcare heating, ventilation and air conditioning applications. According to the company, Pleat2Save offers improved durability compared to other filtration products. Ahlstrom reports VaporCool™ is a soft, textile-like dynamic spunbond/meltblown/spunbond fabric designed for surgical apparel. The fabric offers moisture management properties, working with the body to relieve discomfort whether the wearer is too hot or too cold. When hot, the fabric is capable of boosting evaporation to provide a cooling effect. When cold, the fabric holds in moisture and acts like an insulating layer.

November/December 2014