SUOMINEN CORPORATION TO COMPLETE THE TRANSFER OF HOME AND PERSONAL BRAZILIAN OPERATIONS FROM AHLSTROM IN THE THIRD QUARTER OF 2012
Tampere, 2012-06-21 13:00 CEST (GLOBE NEWSWIRE) --
Suominen Corporation Stock exchange release 21.6. 2012 at 2.00 p.m.
SUOMINEN CORPORATION TO COMPLETE THE TRANSFER OF HOME AND PERSONAL BRAZILIAN OPERATIONS FROM AHLSTROM IN THE THIRD QUARTER 2012
Suominen estimates that the transfer of the Home and Personal Brazilian operation from Ahlstrom Corporation will take place in the third quarter of 2012.
Suominen had previously anticipated that the transfer would have taken place in the second quarter of 2012. The transfer is subject to receiving all necessary Brazilian regulatory permits for the operations.
The Home and Personal business area excluding the Brazilian part of the operation was transferred on October 31, 2011 to Suominen Corporation. Receiving an approval from the competition authorities in Brazil is not a prerequisite for completing the Home and Personal business transaction.
President and CEO
For additional information please contact:
Nina Kopola, President and CEO, tel. 358 10 214 3551
Suominen supplies industry and retailers with nonwovens wet wipes, and flexible packaging for use in consumer products that people us every day – through two business areas: Wiping and Flexibles.
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