Sperry Mitchell Advises ErtelAlsop on its Sale to Ahlstrom
New York, NY (December 2, 2024) – Stavo Industries Inc. dba ErtelAlsop (“ErtelAlsop”) of Kingston, NY, has been acquired by Ahlstrom-Munksjo Oyj (“Ahlstrom”) of Helsinki, Finland. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations, and served as exclusive financial advisor to ErtelAlsop. Hirschler Law served as ErtelAlsop’s legal representative for the transaction.
ErtelAlsop (www.ertelalsop.com) is a leading manufacturer of high-performance liquid depth filter media serving the pharmaceutical, food & beverage, flavors & fragrances, and chemical end-markets. Founded in 1932, ErtelAlsop was in
its third generation of family ownership.
ErtelAlsop will become part of Ahlstrom’s Filtration and Life Science business and will be key to the company’s lab and life sciences filtration growth strategy. “Ahlstrom’s core value creation stems from sustainable innovation and product development, making ErtelAlsop’s technology-forward approach and growth mindset a perfect fit for our company. Their business aligns with Ahlstrom’s purpose to purify and protect with every fiber for a sustainable world,” says Daniele Borlatto, EVP for Filtration and Life Sciences at Ahlstrom.
The acquisition brings comprehensive production and engineering capabilities that meet a broad range of demanding product specifications, adding value for existing and new customers worldwide. “ErtelAlsop’s legacy of innovation and technical expertise in the life science depth filter media industry aligns with Ahlstrom’s ambitions to extend our offerings in lab and life sciences filtration. Both companies have complementary capabilities. This acquisition will enable us to leverage ErtelAlsop’s proven ability to deliver customized solutions and serve critical end-markets while accelerating growth,” Borlatto continues.
Ahlstrom (www.ahlstrom.com) is a global leader in combining fibers into sustainable specialty materials. The Company operates across its Filtration and Life Sciences, Food & Consumer Packaging, and Protective Materials divisions.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $25 to $500 million.
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