SCA’s acquisition of Wausau Paper, a leading North American Away-from-Home
Tissue Company has been closed for the total consideration of USD 513 million in
cash. SCA will consolidate Wausau Paper as of January 21, 2016.
“SCA is the world’s leading supplier of Away-from-Home tissue with the global
brand Tork®. This acquisition is an excellent strategic fit and makes us a
stronger supplier in North America. The acquisition will generate benefits for
SCA and our customers,” said Magnus Groth, President and CEO, SCA.
The transaction expands SCA’s North America footprint and production capacity,
and the combined businesses will provide customers with a comprehensive
portfolio of products. The acquisition is expected to generate annual synergies
amounting to approximately USD 40 million with full effect three years after
closing. Synergies are expected in sourcing, production, logistics, reduced
imports, increased volumes of premium products and reduced SG&A costs. The
restructuring costs are expected to amount to approximately USD 50 million.
NB: This information is such that SCA must disclose in accordance with the
Swedish Securities Markets Act or the Financial Instruments Trading Act.
Submitted for publication on January 21, 2016, at 15:30 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 2014 amounted to approximately SEK
104bn (EUR 11.4bn). 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.
