Ahlstrom acquires Chinese filter paper maker

Finland's Ahlstrom, a manufacturer of non-wovens and specialty papers, has bought China's Shandong Puri Filter & Paper Products Ltd. from the Purico Group. The company produces transportation filtration media at a plant in Binzhou in the province of Shandong in northeastern China. The site currently employs 170 people.

Ahlstrom said the acquisition is part of its growth strategy in Asia. The debt-free transaction value is €22.5 million.

www.ahlstrom.com

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