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Ahlstrom Completes Acquisition Of Dexter

Ahlstrom Paper Group, The Netherlands, a subsidiary of Ahlstrom Corp., has completed the acquisition of Dexter Nonwoven Materials, Windsor Locks, Conn. Ahlstrom received Dexter shareholder approval and regulatory approval from the European Union, the United States and other national agreements, allowing for completion of the transaction.Ahlstrom and Dexter are examining how best to integrate their businesses, and the process should be complete in early 2001. There will be no immediate changes in conducting business. Because of the complementary nature of their operations and increasing demand from the market, nonwovens units and employment in both organizations will remain unchanged.

November 2000