Like canson paper Arches fine art paper made in the Vosges is part of the Fabbrica Italiana Lapis ed Affini (Fila) group. The Finnish paper group Ahlstrom-Munksjö has just completed the sale of this business announced last October. The amount of this transaction is 43.6 million euros.
This paper made in Arches is a fine art paper that has been in existence since 1492. Its manufacture is recognized as a Living Heritage Enterprise since 2017 .
This paper is produced by two paper machines at the Arches mill in France, where Ahlstrom-Munksjö Arches also operates five machines that produce decorative papers and abrasive substrates (these two other activities are not concerned by the sale).
The fine arts business generates a turnover of 13 million euros and EBITDA of 4 million euros.
"The fine art paper sector is modest and has limited synergies within Ahlstrom-Munksjö's portfolio of activities, explains the former owner. F.I.L.A. is a strategic and industrial owner, a leading global player in its field, for which the Arches paper product range is complementary and offers new opportunities for growth" .
We will soon inform you of the terms and conditions of this transfer.
