SCA, the leading global hygiene and forest products company, successfully
floated its joint venture, Asaleo Care, in Australia, New Zealand and Fiji on
the Australian Securities Exchange (ASX). Trading in the shares will commence on
July 3.
In early June, SCA and its Australian partner, Pacific Equity Partners (PEP),
announced that an IPO was planned for the joint venture Asaleo Care. The
offering has been successful and from July 3 the Asaleo Care share will be
traded on the Australian Securities Exchange (ASX).
After the IPO, SCA’s holding in Asaleo Care will amount to approximately 32.5%.
Asaleo Care manufactures and markets consumer tissue and Away-from-Home (AfH)
tissue, diapers, feminine care products and incontinence care products. Leading
brands include TENA, Tork, Sorbent, Libra and Treasures. In 2013, the company
reported net sales of AUD 625m (approx. SEK 3.9bn) and operating profit of AUD
97m (approx. SEK 610m). The company has about 1,050 full-time employees.
TENA and Tork are SCA’s leading global brands for incontinence products and AFH
tissue, respectively. These two brands will continue to be owned by SCA but will
be licensed to Asaleo Care for sales of products under these brands in
Australasian markets.
NB: SCA discloses the information provided herein pursuant to the Financial
Instruments Trading Act. Submitted for publication on June 30, 2014, at 07:00
CET.
SCA is a leading global hygiene and forest products company. The Group develops
and produces sustainable personal care, tissue and forest products. Sales are
conducted in about 100 countries under many strong brands, including the leading
global brands TENA and Tork, and regional brands, such as Libero, Libresse,
Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest
owner, SCA places considerable emphasis on sustainable forest management. The
Group has about 44,000 employees. Sales in 2013 amounted to approximately SEK
93bn (EUR 10.7bn). SCA was founded in 1929, has its headquarters in Stockholm,
Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit
www.sca.com.
