Ahlstrom, a provider of sustainable fibre solutions, has announced a restructuring of its divisions, consolidating from five to three, in a strategic move to bolster its market position.
The new divisions are Filtration and Life Sciences, Food and Consumer Packaging, and Protective Materials.
Go deeper with GlobalData
This reorganisation will see the merger of the former Filtration and Healthcare divisions into the Filtration and Life Sciences division while Food and Consumer Packaging remains unchanged.
Meanwhile, the Building Materials and Technical Materials divisions will combine to form the new Protective Materials division.
The company’s restructured divisions are designed to better leverage technology in response to global trends, focusing on safe and sustainable speciality solutions.
Product management will be enhanced within the business units and across divisions to expedite the transition to a more specialised portfolio.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAhlstrom’s business units and plants, which are central to its operations, will maintain their current structure.
The streamlined organisation is expected to simplify processes, reduce costs, and enable business units to concentrate on growth.
The organisational changes will take effect from 1 May 2024, with financial reporting aligned with the new structure commencing on 1 July 2024.
The financial outcomes for the third quarter of 2024 under this new structure will be reported in early November.
Ahlstrom president and CEO Helen Mets said: “We are taking further steps to become the sustainable speciality materials company with our refined strategy and simplified organisation that is best equipped to support our customers and the world to address global trends.
“Our sustainable speciality solutions add value for customers and consumers globally while contributing to a better world. With our strong focus on innovations that are safe and sustainable by design, I’m filled with confidence in Ahlstrom’s future.”
In the past two years, Ahlstrom has introduced a new purpose and strategy, implemented a new operating model, and restructured key business segments to reinforce its business.
This strategy included the divestment of its Décor business and the Stenay plant in France in October last year.
