# Ahlstrom-Munksjö acquires 60% stake in Chinese decor paper producer Minglian

Ahlstrom-Munksjö entered an agreement to acquire 60% of Minglian New Materials Technology Co., Ltd., a Chinese decor paper producer, and form a joint venture with a plant in Xingtai, Hebei Province. The transaction is expected to close in Q4 2021.

- Type: Acquisition
- Announced: 2021-10-05
- Where: Xingtai, Hebei Province, China
- Status: announced
- Products: decor paper
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Ahlstrom-Munksjö](https://endata.com/companies/9152.md) (acquirer)
- [Minglian New Materials Technology](https://endata.com/companies/58165.md) (target)

## Sources

- [texintel.com](https://www.texintel.com/press-room/a-global-leader-in-decor-papers-is-created-as-ahlstrom-munksj-acquires-majority-shareholding-in-chinese-decor-paper-producer-minglian), 2021-10-05: "By combining Minglian with its existing Decor business, Ahlstrom-Munksjö will create a global leader in decor papers with improved cost competitiveness and strong presence in Europe, Americas and Asia."

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