Ahlstrom expands U.S. operations with acquisition of Pixelle’s Stevens Point facility

USA – Ahlstrom has signed a binding agreement to acquire Pixelle Specialty Solutions’ Stevens Point facility in Wisconsin, a premium solutions provider for food, consumer packaging, and e-commerce applications.

The deal marks a significant step in Ahlstrom’s transformation journey and reinforces its leadership in the Food & Consumer Packaging segment.

The acquisition brings with it a portfolio of high-quality products, long-standing customer relationships, and the expertise of 260 employees. It also adds unique capabilities that will support the global shift toward more sustainable packaging solutions.

“This acquisition aligns with our long-term growth strategy and enhances our ability to deliver added value to customers and stakeholders,” Ahlstrom said in a statement.

The Stevens Point site is expected to complement Ahlstrom’s existing operations, particularly with its state-of-the-art finishing and coating technologies.

These capabilities will enable Ahlstrom to better meet increasing demand for advanced, eco-friendly packaging materials.

The deal will be financed through a US$600 million senior secured loan facility, with remaining funds earmarked for general corporate use.

Post-acquisition, Ahlstrom’s net leverage is projected at 4.1x based on FY 2024 financials. The transaction is pending regulatory approval and is expected to close in Q2 2025.

Ahlstrom launches performance materials cluster

In related news, Ahlstrom has announced the formation of a new Performance Materials cluster to sharpen its strategic focus and enhance operational efficiency.

The cluster will comprise four specialized business units: Release Liners, Precision Coating, Beverage & Casing, and Abrasives.

Each unit will operate with a clearer strategic focus, enabling faster decision-making, improved competitiveness, and more tailored customer solutions.

Wolfgang Laures, currently Ahlstrom’s Chief Operating Officer, will assume the role of Executive Vice President of the new cluster.

This organizational shift, effective May 1, 2025, is designed to streamline operations across the company.

It will also allow Ahlstrom’s other three divisions — Food & Consumer Packaging, Filtration & Life Sciences, and Protective Materials — to intensify their focus on growth in specialty fiber-based materials.

Ahlstrom continues to position itself as a global leader in sustainable specialty materials, driving innovation and performance across its expanding product portfolio.

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