FINLAND - Ahlstrom-Munksjö Holding 3 Oy’s Board of Directors has agreed an ownership reorganization plan under which the production assets, debts, and liabilities relating to its Decorative paper business will be transferred from Ahlstrom-Munksjö Holding 3 Oy, without liquidation, to a newly formed company that will be named Munksjö.

The planned reorganization is subject to customary closing conditions and is expected to be completed by the end of the third quarter of 2022, following which Ahlstrom-Munksjö Holding 3 Oy will start preparing plans for changing its business name to Ahlstrom.

Ahlstrom-Munksjö has actively developed its Decor paper business over the years, by establishing a strong growth platform in South America through the acquisition of MD Papéis Caieiras mill in Brazil, and more recently by entering the world's largest and fastest growing decor paper market in China through the acquisition of the decor paper manufacturer Minglian New Materials Technology in Xingtai, Hebei Province. Through these strategic acquisitions, the Decor paper business has become a leading international player, well positioned to serve its customers in all essential decor paper markets globally. As a standalone company the Decor business will accelerate its growth, strengthen its competitiveness and global leadership in innovation. The Decor business has operated under the Munksjö brand for more than 25 years, and although lately under the Ahlstrom-Munksjö brand, the business is most commonly known as simply “Munksjö”, a brand recognized for outstanding quality and service across the decor industry.