Ahlstrom, a high performance materials company, announces that its ownership in associated company Jujo Thermal Ltd. will increase to 50% from the current 41.7%.
Jujo Thermal has decided to redeem the shares of its minority shareholder Mitsui & Co. Ltd. As a result, Jujo Thermal's remaining shareholders Nippon Paper Group and Ahlstrom Corporation each own 50% of the company. Ahlstrom will continue to include Jujo Thermal's financial figures in its consolidated financial statements as an associated company.
Jujo Thermal is one of the world's leading suppliers of durable direct thermal papers for label, tickets and tags and point-of-sales use. The company is based in Kauttua, Finland.