Home / Knowledge / News / Textiles / Ahlstrom Brazilian business merger receives CADE approval
Ahlstrom Brazilian business merger receives CADE approval
23
May '13
Ahlstrom, a global high performance fiber-based materials company, announces that the Brazilian competition authority (CADE) has approved the combination of Ahlstrom's Label and Processing business and Munksjö AB. The approval from CADE is a further step in the competition clearance process related to the transaction.

In the first phase of the combination, the European part of Ahlstrom's Label and Processing business, LP Europe, is combined with Munksjö. The first phase of the transaction is expected to take place on May 27, 2013 at the latest, provided that for example the competition clearance from the European Commission has been obtained before that.

The approval from CADE is subject to the divestiture of Ahlstrom's abrasive paper backings and pre-impregnated decor paper lines in Osnabrück, Germany to a third party in accordance with the commitments provided to the Brazilian competition authority, which are in line with those given to the EU Commission. 

Ahlstrom has started to prepare for the divestiture process and is looking into different alternatives to divest its abrasive backings and pre-impregnated decor paper businesses. 

The divestment process does not prevent Ahlstrom from closing the first phase of the transaction, the combination of Ahlstrom's Label and Processing European business (LP Europe) with Munksjö.

Ahlstrom

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search