Ahlstrom announces the execution of a binding agreement to acquire Stevens Point, a high-end solutions provider in food, consumer packaging and e-commerce applications, from Pixelle Specialty Solutions.
The acquisition of this business includes premium-quality products, long-standing customer relationships, and the experience and expertise of its 260 people, representing a significant milestone in Ahlstrom’s growth transformation. Based in Wisconsin, USA, the business adds unique capabilities that will support customers’ transition to sustainable packaging and strengthen Ahlstrom's leadership and footprint in its Food & Consumer Packaging segment. This step aligns with the company’s long-term growth objectives and will deliver more value to its customers and stakeholders.
The acquisition is highly complementary to Ahlstrom’s existing product portfolio. Stevens Point’s superior technical expertise include state-of-the-art finishing and coating capabilities that will significantly enhance the company’s ability to meet growing customers’ needs.
The transaction will be financed through a committed $600 million senior secured financing package, with any excess available for general corporate purposes. Pro forma for the transaction, the Net Leverage is expected to be 4.1x based on FY 2024 combined financials.
Completion of the transaction is subject to regulatory approvals and other customary closing conditions, with closing expected in Q2 2025.
Pixelle has operated the Stevens Point facility since 2020.
Ahlstrom is a global leader in combining fibers into sustainable specialty materials.
