NEWS

(24.04.2012 / sha)

+++ WICHTIG +++
SCA: Strengthening its presence in South America

SCA acquires the remaining 50% 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 SEK 520 million.

The turnover 2011 was approximately SEK 780 million. The company is primarily operating within tissue for consumers and Away-From-Home usage, which represents almost 70 and almost 30% of the turnover, respectively. In addition, incontinence care products under SCA’s global brand TENA have been introduced in Chile through PISA.

SCA entered PISA with a 50% ownership during 2003. After the acquisition is closed, which is expected to be 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.