The process will continue towards finalizing the acquisition, including the approvals by relevant competition authorities and further local consultation processes.
November 10th, 2011, it was announced that SCA had delivered a binding offer to acquire Georgia-Pacific's European tissue operations. Georgia-Pacific has a well-established presence in Europe in both Away-From-Home and consumer tissue products. The company's products are in particular marketed with the well-known Lotus brand.
Georgia-Pacific's European tissue operations have approximately 5,000 employees and 15 production sites in seven countries. Sales in 2010 amounted to EUR 1.25bn (SEK 11.9bn).
Stockholm, Sweden, 8 February 2012
For additional information, please contact:
Petter Tiger, Press and Media Officer, +46 8 788 53 62
Jessica Ölvestad, Investor Relations Manager, +46 8 788 52 82
NB
This information is such that SCA must disclose in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on February 8, 2012, at 08.30 CET.
SCA is a global hygiene and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products. 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 43,000 employees. More information at www.sca.com
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SCA's binding offer to acquire Georgia-Pacific's European tissue operations has been accepted - process continues towards closingGeorgia-Pacific's acceptance of SCA's binding offer follows consultations with appropriate works councils. As a result, a sales and purchase agreement has been signed by both parties. |
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