Ahlstrom announced earlier this month that it has completed the divestment of its Stenay plant in France to Accursia Capital. The planned transaction was originally announced at the end of August.  

Accursia Capital now operates the Stenay plant under a new brand, Stenpa. Accursia Capital’s aim is to develop the plant further to ensure its long-term future in the competitive paper-based packaging market, securing the jobs of its employees and positively impacting the broader community of Stenay. 

“We are delighted to announce this positive outcome for the future of our Stenay plant, its employees and the community of Stenay. This would not have been possible without the role of our team on site and the collaboration of all stakeholders. A new chapter in the plant’s history starts now with Accursia Capital,” says Mark Ushpol, EVP, Food and Consumer Packaging division.

“This acquisition is part of a long-term investment strategy aimed at making Stenay a leading player in the highly competitive paper-based packaging market. We therefore look forward to developing the business of the Stenay site in collaboration with the employees,” says Martin Scheiblegger, managing director of Accursia Capital.