Spring Grove-based Pixelle Specialty Solutions LLC, a specialty papers manufacturer, will be selling its Stevens Point, Wis., facility to Finland-based Ahlstrom Oyj, a fiber-based specialty materials company.
Pixelle has operated the facility since 2020 but decided to sell after considering its long-term strategic vision of prioritizing operational excellence and customer service and identifying opportunities that aligned with that vision.
“We are incredibly proud of the team at Stevens Point,” Ross Bushnell, Pixelle president and CEO, said. “Their dedication and performance have been vital to the facility’s success, and we are sincerely grateful for the community’s support over the years. Ahlstrom is a highly respected global leader, and we’re confident they will carry forward the strong legacy and operations of the Stevens Point facility.”
The sale is expected to close during the second quarter, subject to customary closing conditions and regulatory approvals.
“The acquisition of the Stevens Point operation is a pivotal step in our journey to enhance our technology offerings and expand our solutions and market coverage,” Konraad Dullaert, Ahlstrom chief innovation officer and Food & Consumer Packaging executive vice president, said. “This business and its highly experienced, top-class team will significantly enhance our capabilities, enabling us to deliver innovative and sustainable packaging solutions to our customers in North America and beyond.”