Ahlstrom Agrees to Sell Its Aspa Pulp Mill in Sweden to Sweden Timber

Oct. 14, 2024 - Ahlstrom has signed an agreement to sell its Aspa pulp mill in Sweden to Sweden Timber. The agreement includes the pulp mill and all its operations.

Terms of the deal were not disclosed.

Sweden Timber is a Swedish wood processing company with assets also in papermaking and wood composites.

The Aspa pulp mill, which is located in Aspa, Sweden (about 122 km or 76 miles south of Stockholm), 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.

According to Ahlstrom, 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.

"Aspa mill and its employees have done a great job contributing to Ahlstrom's success over the years, and I'm very thankful for that," said Wolfgang Laures, Chief Operating Officer at Ahlstrom. "We believe that Aspa will have a better home with Sweden Timber, which is looking to develop its pulp production capabilities.

"This divestment allows us to focus on Ahlstrom's specialty materials portfolio," Laures added.

Mikael Arvidsson, CEO of Sweden Timber, commented, "We look forward to continuing business and developing Aspa together with the mill's experienced team. We are committed to continuing to serve existing customers in the future with Aspa's high-quality pulp."

Ahlstrom expects the transaction to be completed during the fourth quarter of 2024.

SOURCE: Ahlstrom