Ahlstrom has signed an agreement to divest its Aspa pulp mill in Sweden to Sweden Timber. The agreement includes the pulp mill and all its operations. This is a key step in Ahlstrom's growth transformation journey, reinforcing the company’s strategic commitment to sustainable specialty materials.
Aspa pulp mill produces bleached and unbleached softwood pulp that is used in a broad range of applications in paper and sold globally. It has an annual capacity of approximately 200,000 tonnes and 174 employees.
Several external parties have expressed interest in acquiring the Aspa plant throughout the years. For Ahlstrom, it was important to find an owner who has an interest in further developing the mill and ensuring its long-term success. Sweden Timber is a Swedish wood processing company with assets also in papermaking and wood composites.
The transaction is expected to be completed during the 4Q 2024. Ahlstrom is focused on maintaining business continuity during the divestment process and will make every effort during the transition to ensure the mill and its employees successfully enter this new chapter.
Ahlstrom is a leader in sustainable fiber-based specialty materials.
