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Fredericks Michael & Co. Advises Ahlstrom Corporation

Fredericks Michael & Co. advises Ahlstrom Corporation (NASDAQ OMX: AHL1V) on the sale of Groesbeck Filtration Business Unit to Polyester Fibers, a portfolio company of Empire Investment Holdings

Fredericks Michael & Co. (FM&Co.) acted as the exclusive financial advisor to Ahlstrom Corporation (Helsinki, Finland) with respect to the sale of Ahlstrom’s Groesbeck Filtration Business Unit (Groesbeck, TX) to Polyester Fibers (Conover, NC), a portfolio company of private investment firm Empire Investment Holdings (Miami, FL), including advising on valuation, structuring, due diligence and negotiations through closing. This divestment completes Ahlstrom’s exit from dust filtration businesses.

About Ahlstrom Corporation

Ahlstrom Corporation is a global leader in the development, manufacturing and marketing of high performance nonwovens and specialty papers. Ahlstrom’s products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom’s net sales amounted to EUR 1.6 billion. For more information visit www.ahlstrom.com.

About Empire Investment Holdings

Empire Investment Holdings is a private investment firm which adheres to a well defined and focused acquisition strategy that is driven by the firm's history in acquiring, operating and managing over 50 corporate divestitures across several industries. It maintains particular focus and expertise in the business profiles of technology, business services, niche manufacturing and distribution. Empire is a strategic and financial investor which directly manages every phase of the investment cycle with a long-term view. The firm's approach is specialized in addressing the complexities of acquiring non-core corporate divestitures, as well as ensuring post close business continuity. For more information visit www.empireih.com.