Suominen Oyj - Company Announcement

SUOMINEN CORPORATION, CHANGES IN ACQUIRING BRAZILIAN OPERATIONS

Tampere, Finland, 2012-09-27 12:00 CEST (GLOBE NEWSWIRE) -- 

Changes in acquiring Brazilian operations

Suominen Corporation has anticipated in June that the transfer of the Home and
Personal Brazilian operation from Ahlstrom Corporation would have taken place
in the third quarter of 2012. 

The transfer of business operation has been delayed due to the delays in
different operating permits although approvals from the competition authorities
have been received. Because of the delay in the permission process Suominen and
Ahlstrom have concluded that the transfer cannot be completed in planned
schedule. The parties are negotiating the prerequisites for completing the
transaction in the manner originally intended and are looking together into
opportunities to transfer the Brazilian part of the Home and Personal business
to Suominen through alternative interim solutions within the scope of permits
needed. The goal is to finalize the transfer of the business as soon as
possible. 

The financing of Brazil business was part of the Suominen's financing package
last autumn. Suominen will use these funds to reduce the amount of debt and the
financing of Brazil unit will be part of later arrangement. 

Helsinki, 27 September 2012

Suominen Corporation


Nina Kopola
President and CEO


For additional information, please contact
Mrs. Nina Kopola, tel. +358 (0)10 214 300


Suominen supplies industry and retailers with nonwovens, wet wipes and flexible
packaging for use in consumer products that people use every day - through two
business areas: Wiping and Flexibles. 


Distribution:
NASDAQ OMX Helsinki Ltd.
Main media
www.suominen.fi