STOCKHOLM - Ahlstrom has received a binding offer for its plant in Stenay, France, less than six months after putting the facility up for sale.
Ahlstrom launched a consultation process with employee representatives in March about the possibility of divesting the plant, and if a buyer could not be found, considering closure.
After a process to identify potential buyers, Ahlstrom has now received a binding offer from Accursia Capital to acquire the plant. The potential acquisition is subject to consultation with employee representatives.
Stenay produces one-side coated specialty papers for specific uses in the packaging sector where there is overcapacity in Europe and competition with machines with a more competitive cost structure. The plant has an annual capacity of approximately 55,000 tons of specialty paper and has 127 employees.
"Since the beginning of the consultation period, finding a buyer has been Ahlstrom’s priority," Ahlstrom said in a statement. "The group has been working actively with all the local economic and political stakeholders in the area to support the process of finding a buyer.
"With a strong commitment to achieving a positive outcome for all parties involved, Ahlstrom would be dedicated to making every effort during the transition to ensure the plant successfully enters its new chapter."
