Ahlstrom expands in advanced filtration materials by acquiring Munktell

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Under the agreement, Ahlstrom will acquire 100% of the shares in Munktell Filter AB, as well as its holdings in Munktell & Filtrak GmbH, Filtres Fioroni SA and Munktell Inc.

“There is a clear strategic fit with Munktell and Ahlstrom, and the transaction allows us to strengthen our product portfolio in advanced filtration materials. This move is a prime example of our focus on new type of high performance materials business with attractive future growth potential,” said Jan Lång, Ahlstrom president & CEO.

“When we combine Munktell’s strong position in the European advanced filtration market with our solid presence in North America, we will gain access to new markets geographically. Driven by global changes in demographics, life science and laboratory filtration are lucrative growth areas for us,” said Tommi Björnman, Ahlstrom executive vice president, Filtration.

Headquartered in Falun, Sweden, Munktell has production sites in Germany and Sweden, a joint venture in France, as well as a sales office in the US. The company had net sales of approximately €15 million in 2011 and 100 employees.