Ahlstrom-Munksjö strengthens Filtration business by completing investment at its Binzhou plant in China

First Quarter 2021 Financial Highlights: *Record revenue of $891 million increased 14 percent sequentially, driven primarily by double-digit growth in both TiO2 and zircon volumes and 3 percent higher TiO2 average selling prices *Income from operations of $125 million; Net income of $26 million *GAAP diluted income per share of $0.12; *TiO2 sales volumes increased 15 percent sequentially, at the top end of the guided range, driven by global demand strength led by growth in Europe and Asia Pacific; TiO2 average selling prices increased 3 percent sequentially, with price increases implemented in all regions *Zircon sales volumes increased 30 percent sequentially as a result of stronger than expected market growth, particularly in China, while selling prices remained level *Feedstock and other products sales decreased 29 percent sequentially, primarily due to the conclusion in the fourth quarter of 2020 of the mandated chloride slag sales per the Federal Trade Commission (“FTC”) consent order relating to the Cristal acquisition

After several months of laboratory work by the Research and Development team in Bordeaux France, Tembec has developed a very high viscosity cellulose grade. Just days ago, the production of this new grade, called Biofloc XV20, took place at the Tartas Specialty Cellulose mill in France. It is a tremendous success because a new world record for viscosity of a wood pulp was achieved. Tembec, the world leader in specialty cellulose for use in the production of cellulose ethers, responded to the needs of its main customers. “This new product can now compete directly with cotton linter pulp and opens new opportunities for our customers,” said Christian Ribeyrolle, Executive Vice President of the Specialty Cellulose Group. “Our customers in this segment needed a replacement for cotton linter pulp by a product which is less affected by market cycles but is of equivalent quality. Biofloc XV20 is now part of our product portfolio.” Click Read More below for additional detail.

Sole Source Capital LLC, an industrial-focused private equity firm, announced today that its portfolio company, I.D. Images (“IDI”), a premier provider of product identification solutions, has made three significant acquisitions over the past five months. IDI’s acquisitions of Digital Printing Concepts, Multi-Action Communications, and Valley Forge Tape & Label Company have more than doubled the size of the company and extended its reach to several new markets across the U.S. and Canada since it became a Sole Source Capital portfolio company in August 2021. Terms of the transactions were not disclosed. IDI manufactures high-quality durable and graphic intensive labels that address a broad range of product identification needs for a variety of end markets. Digital Printing Concepts, founded in 2003 and based in East Providence, RI, is a manufacturer of custom durable variable data labels that are utilized in warehouse logistics. Headquartered in Quebec, Canada, Multi-Action Communications is a manufacturer of logistics, grocery, track-and-trace, and prime labels to customers throughout Canada and the United States. The company was founded in 1993 and operates out of three manufacturing facilities across Canada. Based in Exton, PA and founded in 1962, Valley Forge Tape & Label Company is a longstanding, full-service manufacturer of custom printed self-adhesive labels for the Food and Beverage, Healthcare, and Consumer Products industries.