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Ahlstrom-Munksjö says it's partnering with Bain Capital to create 'more sustainable' business

( September 24, 2020, 11:48 GMT | Official Statement) -- MLex Summary: Ahlstrom-Munksjö's partnership with Bain Capital adds valuable resources, expertise and networks for speeding up development and will take the specialty fiber-based materials supplier to the next level, said Lasse Heinonen, the president and CEO of Ahlström Capital, a major shareholder in the company. Heinonen was commenting on the tender offer by a Bain Capital-led consortium for all shares in Ahlstrom-Munksjö that was announced today. The proposal to take Ahlstrom-Munksjö private and bring in a partner like Bain Capital represents the level of activity and ambition that Ahlström Capital wants to foster as an owner, said Kari Kauniskangas, chairman of the board of directors of Ahlström Capital. “We believe that the proposal represents an attractive opportunity for both Ahlstrom-Munksjö and all of its shareholders," said Kauniskangas.Statement follows....

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