Fredericks Michael & Co. acted as Ahlstrom’s exclusive financial advisor with respect to the sale of Ahlstrom’s Groesbeck Filtration Business Unit to Polyester Fibers, a portfolio company of private investment firm Empire Investment Holdings, including advising on valuation, structuring, due diligence and negotiations through closing. This divestment completes Ahlstrom’s exit from dust filtration businesses.
About Ahlstrom Corporation
Ahlstrom Corporation (Helsinki, Finland) is a global leader in the development, manufacturing and marketing of high-performance nonwovens and specialty papers. Ahlstrom’s products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom’s net sales amounted to EUR 1.6 billion.