HELSINKI, July 27, 2016-

Ahlstrom and Owens Corning have terminated the agreement regarding the planned divestiture of Ahlstrom's Building & Wind business unit to Owens Corning following challenges associated with obtaining regulatory clearance in Germany for the transaction.

Ahlstrom will continue to operate and develop the Building & Wind business unit as before and it will be reported as part of the Filtration & Performance segment. In 2015, net sales of the Building & Wind business unit was EUR 83.5 million and the adjusted operating profit EUR 5.9 million. In January-March 2016, net sales amounted to EUR 23.5 million and the adjusted operating profit to EUR 2.1 million.

Nonwovens Markets subscribers - click here to read the full article.

Not a subscriber?

Try Nonwovens Markets free!