Kaukauna, WI (July 23, 2018) – Expera Specialty Solutions, LLC (“Expera”) announced today that Ahlstrom-Munksjö has signed a definitive agreement to purchase all shares of Expera.
Expera is a leading North American manufacturer of specialty paper products for the industrial & technical, food packaging and processing, and pressure-sensitive release liner sectors. Headquartered in Kaukauna, Wisconsin, Expera employs approximately 1,800 people.
Russ Wanke, Chief Executive Officer of Expera stated, “We are very excited about this next strategic and important step for the Expera business. Since forming Expera in 2013 from the combination of Thilmany Papers LLC and the specialty businesses of Wausau Paper, we have invested significantly in our people and operations, focusing on employee engagement, manufacturing excellence, and providing best-in-class product quality and support to our customers.”
“As we transition to joining Ahlstrom-Munksjö, we remain committed to our core strategic imperatives related to our people and our customers,” Wanke continued. “Ahlstrom-Munksjö will provide additional capital and resources in order to promote continued revenue growth and customer, end-application, and geographic diversification. We thank our customers, suppliers, and employees for their contributions to our success.”
Completion of the transaction is expected to take place in the second half of 2018, and is subject to customary closing conditions and approvals.
For more information please visit us at www.expera.com.