Expera Specialty Solutions product brand, Resin-Gard™, represents its advanced line of saturating papers engineered to achieve uniform saturant (resin or latex) pickup required by manufacturers to meet finished product performance requirements. Resin-Gard™ offers dimensional stability, engineered strength, and surface properties that meet specific processing needs, providing customers with a comprehensive line of quality products. “Resin-Gard™ provides the market with multiple application possibilities,” said Jeff Murphy, Director of Sales and Marketing for Expera Specialty Solutions. “From building and construction and home décor, to recreation and filter medium, the possibilities are endless.” Click Read More below for additional information.
Ahlstrom-Munksjö has signed a non-binding letter of intent with the majority shareholders of Hebei Minglian New Materials Technology Co., Ltd. to acquire the company, comprising a state-of-the-art greenfield decor paper plant in the city of Xingtai, Hebei Province, China. The debt free purchase price is approximately EUR 60 million. The letter of intent contains customary exclusivity undertakings on the part of the sellers with respect to the considered transaction. The transaction is subject to further due diligence and final and binding transaction agreements, and it is expected to be completed during the first quarter of 2020.
By combining Minglian with its existing Decor business, Ahlstrom-Munksjö would have a strong presence in the world’s two largest decor paper markets and improved cost competitiveness. The deal would allow Ahlstrom-Munksjö to leverage its leading brand and capabilities in the large and rapidly growing Chinese Decor paper market and strengthen Ahlstrom-Munksjö’s ability to serve international customers both in the short- and long term. Ahlstrom-Munksjö would provide technical and operational expertise to Minglian and strengthen Minglian’s commercial opportunities in the domestic high quality segment and adjacent export markets.
Minglian New Materials was established in 2016 by a group of experienced entrepreneurs with a background in the Chinese decor industry through a greenfield investment in new state-of the art paper machine technology and plant lay-out. The production started at the end of 2018 and the ramp-up has progressed well. The machine capacity is 50,000 tons per year.
“This planned deal is based on strong strategic and financial logic and is evidence of our ambition to create a stand-alone global leader in the decor paper industry. With Ahlstrom-Munksjö’s best in class quality, technology and brand leadership we would have a lot to offer to potential partners, while leveraging Minglian’s local state-of-the-art production facilities. Through the planned transaction we would gain several years of investment lead time,” says President and CEO Hans Sohlström.