M&A Deal Summary

Vitrulan Group Acquires Ahlstrom Oyj - Glass Fiber Reinforcement Business

On November 21, 2019, Vitrulan Group acquired manufacturer Ahlstrom Oyj - Glass Fiber Reinforcement Business from Ahlstrom-Munksjo for 7M EUR

Acquisition Highlights
  • This is Vitrulan Group’s 1st transaction in the Manufacturing sector.
  • This is Vitrulan Group’s 0th largest (disclosed) transaction.
  • This is Vitrulan Group’s 1st transaction in Finland.

M&A Deal Summary

Date 2019-11-21
Target Ahlstrom Oyj - Glass Fiber Reinforcement Business
Sector Manufacturing
Buyer(s) Vitrulan Group
Sellers(s) Ahlstrom-Munksjo
Deal Type Divestiture
Deal Value 7M EUR

Target

Ahlstrom Oyj - Glass Fiber Reinforcement Business

Helsinki, Finland
Ahlstrom Oyj - Glass Fiber Reinforcement Business manufactures glass and carbon-based reinforcement fabrics. Main product offering consists of specialty glass fiber reinforcements for wind energy applications as well as for other end-uses including marine and transportation applications.

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Buyer(S) 1

Buyer

Vitrulan Group

Marktschorgast, Germany

Category Company
Sector Apparel/Textiles
Employees500
DESCRIPTION

Vitrulan Group consists of Vitrulan Textile Glass GmbH, Marktschorgast (Bavaria), and Vitrulan Technical Textiles GmbH, Haselbach (Thuringia). Vitrulan Textile Glass GmbH produces highly resilient glass-fiber based woven and fleece-based interior wall and ceiling coverings woven from glass yarns for public and private buildings, as well as reinforcing and backing fabrics, laminates and specialist products. Vitrulan Group is based in Marktschorgast, Germany.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (Finland) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Ahlstrom-Munksjo

Espoo, Finland

Category Company
Founded 1851
Sector Manufacturing
Revenue 2.7B EUR (2020)
DESCRIPTION

Ahlstrom-Munksjo is involved in providing fiber-based materials, supplying innovative and sustainable solutions to its customers. The Company's mission is to expand the role of fiber-based solutions for sustainable everyday life. Its offerings include filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials, diagnostics, and energy storage solutions, as well as a range of specialty papers for industrial and consumer end-uses. Ahlstrom-Munksjo was founded n 1851 and is based in Espoo, Finland.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Divestiture) 2 of 2
Country (Finland) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 Expera Specialty Solutions

Kaukauna, Wisconsin, United States

Expera Specialty Solutions LLC is a manufacturer of specialty paper products for the industrial & technical, food, and pressure-sensitive release liner segments. Headquartered in Wisconsin, Expera employs approximately 1,800 people across four Wisconsin-based manufacturing facilities located in Rhinelander, Mosinee, Kaukauna and De Pere.

Buy $615M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Kammerer - Electrotechnical Paper Business

Osnabrück, Germany

Kammerer's Electrotechnical Paper Business offers electrotechnical paper in the area of semiconductor papers used in special applications such as high-performing power cables and transformers.

Buy -