WILMOT, NH, February 25, 2021-

Spa Holdings 3 Oy has now crossed the 90% threshold of publicly traded Ahlstrom-Munksjö Oyj shares purchased, and it plan to initiate a buy-out of all remaining shares of the Finnish firm.

With the Spa consortium wrapping up its acquisition of the big nonwovens company, it has begun taking steps to exercise control, setting up internal financial arrangements while the new Ahlstrom-Munksjö board begins investigating whether to move the company headquarters to another European Union location and change the company to a Societas Europaea (SE) form.

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