# Ahlstrom-Munksjö acquires Hebei Minglian New Materials for €60 million

Ahlstrom-Munksjö signed an agreement to acquire Hebei Minglian New Materials Technology Co., Ltd., a Chinese decorative paper manufacturer, for about €60 million. The deal includes a plant in Xingtai, Hebei, with an annual capacity of 50,000 tons, and is expected to close in Q1 2020.

- Type: Acquisition
- Announced: 2019-12-17
- Where: Xingtai, Hebei Province, China, China
- Status: announced
- Capacity: 50,000 tons per year
- Products: decorative paper
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Ahlstrom-Munksjö](https://endata.com/companies/9152.md) (acquirer)
- [Hebei Minglian New Materials Technology](https://endata.com/companies/43961.md) (target)

## Sources

- [rosinvest.com](https://rosinvest.com/novosti/1400316), 2019-12-17: "Сделка стоимостью около 60 млн евро включает современный завод по производству декоративной бумаги, расположенный в китайском Синтае (провинция Хэбэй)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.