Ahlstrom-Munksjö Oyj publishes additional unaudited pro forma financial information for 2018 and for each of the quarters in 2018 in addition to the fourth quarter in 2017.
The pro forma information illustrates the financial impact of the acquisitions of Expera and Caieiras as well as the merger of Munksjö and Ahlstrom and the related financing and refinancing of the transactions on the business performance of Ahlstrom-Munksjö as if the transactions had taken place on January 1, 2017. Pro forma information is presented separately for group level and for the business areas, and forms the basis of comparison for Ahlstrom-Munksjö’s future performance.
Considering the magnitude of the acquisitions of Expera and Caieiras as well as the merger of Ahlstrom and Munksjö and the impact on the combined company’s performance and financial position, stand-alone historical information for the periods presented does not provide comparable information for the company’s operating performance and financial position.
- On October 10, 2018, Ahlstrom-Munksjö completed the acquisition of U.S. specialty paper producer Expera Specialty Solutions, forming a fifth business area and reporting segment named North America Specialty Solutions. The acquisition expanded significantly the company’s presence in North America and further strengthened its offering.
- On October 17, 2018, Ahlstrom-Munksjö completed the acquisition of MD Papéis’ Caieiras specialty paper mill in Brazil. For Ahlstrom-Munksjö, the acquisition strengthened the company’s offering and production platform in South America. The business has been integrated into Decor and Industrial Solutions business areas.
- Ahlstrom and Munksjö merged on April 1, 2017 creating a global leader in innovative and sustainable fiber-based materials.