EU approves SCA's acquisition of Georgia-Pacific's European tissue business
Georgia-Pacific's European tissue business. The purchase price amounts to EUR
1.32 bn on a debt free basis. The operations have approximately 4,700 employees.
The acquisition confirms SCA’s position as a European leader in the industry
with an enhanced, integrated European tissue business and well-known brands.
Georgia-Pacific’s European tissue business, which comprises of15 plants located
in seven countries and the well-known Lotus brand, will be transferred to SCA´s
ownership in connection with the closing of the deal which is expected 20 July.
EU´s clearance requires divestment of Georgia-Pacific´s consumer tissue business
in the UK including production capacity, Georgia-Pacific´s Benelux consumer
tissue branded business under the Lotus brand and some of Georgia-Pacific´s and
SCA`s retailer branded business in Scandinavia including production capacity.
