The fiber-based specialty materials provider signs an agreement to acquire the Stevens Point (WI) facility of Pixelle Specialty Solutions. In parallel, Ahlstrom will create a dedicated Performance Materials cluster to sharpen its strategic focus and optimize growth opportunities. The deal is expected to close in Q2 2025.
The acquisition of this best-in-class business includes premium-quality products, long-standing customer relationships, and the experience and expertise of its 260 people, representing a significant milestone in Ahlstrom’s growth transformation. The business adds capabilities that will support customers’ transition to sustainable packaging and strengthen Ahlstrom’s leadership and footprint in its Food & Consumer Packaging segment. This step aligns with the company’s long-term growth objectives and will deliver more value to its customers and stakeholders. The acquisition is highly complementary to Ahlstrom’s existing product portfolio. Stevens Point’s superior technical expertise include state-of-the-art finishing and coating capabilities that will significantly enhance the company’s ability to meet growing customers’ needs.
“The acquisition of the Stevens Point operation is a pivotal step in our journey to enhance our technology offerings and expand our solutions and market coverage,” says Konraad Dullaert, exec vp-Food & Consumer Packaging and Chief Innovation Officer, Ahlstrom. “This business and its highly experienced, top-class team will significantly strengthen our capabilities, enabling us to deliver innovative and sustainable packaging solutions to our customers in North America and beyond. We are excited about the opportunities this acquisition brings and are committed to leveraging these advancements to drive growth.”
In addition, Ahlstrom will create a dedicated Performance Materials cluster comprised of four business units: Release Liners, Precision Coating, Beverage & Casing, and Abrasives. This will enable the cluster to operate with greater flexibility and clearer focus on distinct opportunities to accelerate performance and improve efficiency and competitiveness. The organizational change will take effect on May 1.