Adcuram-backed Vitrulan acquires Ahlstrom-Munksjö business

Adcuram acquired 90% of Vitrulan shares as part of a succession agreement for the owner-operated enterprise in 2016. The company generates revenue of €60m.

Vitrulan has acquired the business for its broader product range and to expand internationally.

The transaction is expected to close in the coming weeks.

Company
Ahlstrom-Munksjö's business, which employs 100 people in Mikkeli, Finland, produces glass and carbon-fibre reinforcing fabrics primarily for use in wind energy but also in shipbuilding and logistics. Ahlstrom-Munksjö was founded in 1851 and has annual sales of €3bn.

People
Adcuram – Broder Abrahamsen (investment partner).

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• Topics
• Expansion
• Nordics
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• Finland
• Adcuram Beteiligungs AG
• Build-up
• Buy-and-build