Ahlstrom Completes Sale of Its Aspa Pulp Mill to Sweden Timber

Ahlstrom, a fiber-based specialty materials company, has closed the sale of its Aspa pulp mill in Sweden to Sweden Timber, Packaging Gateway reported (10-4-24). The transaction, which includes the entirety of the pulp mill and its operations, was initially agreed upon on October 14th. The financial details of the deal remain undisclosed.

The Aspa pulp mill, known for producing both bleached and unbleached softwood pulp, caters to a wide array of applications within the paper industry and serves a global clientele. The facility boasts an annual production capacity of approximately 200,000 tons and employs 174 individuals.

Sweden Timber, a domestic producer of wood, paper, and wood composite products globally, acquired the mill as it aims to diversify its offerings by integrating pulp production into its portfolio.

Commenting on the transaction, Sweden Timber’s CEO and sales head Mikael Arvidsson said:

“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.”