SCA acquires the remaining 50 percent in the Chilean hygiene company PISA
(Papeles Industriales S.A.), and will after the transaction own 100 percent of
the company. The purchase price is approximately 520 MSEK.
The turnover 2011 was approximately 780 MSEK. The company is primarily operating
within tissue for consumers and Away-From-Home usage, which represents almost 70
and almost 30 percent of the turnover, respectively. In addition, incontinence
care products under SCA’s global brand TENA have been introduced in Chile
SCA entered PISA with a 50 percent ownership during 2003. After
the acquisition announced today, which is expected to be closed end of April,
PISA will be a fully-owned subsidiary to SCA.
“The time is ready for us to
take the next step in our expansion in Latin America, where the PISA acquisition
further strengthens our presence on this important growth market,” says Jan
Johansson, CEO and President of SCA.
PISA holds a position as number two in
consumer tissue with the brand Favorita. Within AFH tissue, PISA also holds a
number two position in Chile. The company has over 400 employees and a
production facility in the capital Santiago.
Stockholm, Sweden, 18 April
For further information, please contact:
Pär Altan, Vice President
Media Relations, +46 8 788 52 37
Johan Karlsson, Vice President Investor
Relations, +46 8 788 51 30
NB: This information is such that SCA must
disclose in accordance with the Securities Markets Act. The information was
submitted for publication on April 18, 2012, at 13.05 CET.
SCA is a global hygiene and paper company that develops and produces personal
care products, tissue, publication papers, solid-wood products and packaging
solutions. Sales are conducted in some 100 countries. SCA has many well-known
brands, including the global brands TENA and Tork. Sales in 2011 amounted to SEK
106 billion (EUR 11.7 billion). SCA has approximately 44,000 employees. More
information at www.sca.com