SCA completed JV with Pacific Equity Partners
January 05, 2012 - Sweden
SCA has now completed the previously announced transaction of creating a joint venture in Australasia.
The joint venture is formed through the sale of 50% of the SCA operations in Australasia to the Australian-based Pacific Equity Partners (PEP). The finalisation of the transaction follows approval by the relevant authorities.
The first press release regarding the transaction was published on 4 November 2011.
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 2010 amounted to SEK 107 billion (EUR 11.3 billion). SCA has approximately 45,000 employees.
The joint venture is formed through the sale of 50% of the SCA operations in Australasia to the Australian-based Pacific Equity Partners (PEP). The finalisation of the transaction follows approval by the relevant authorities.
The first press release regarding the transaction was published on 4 November 2011.
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 2010 amounted to SEK 107 billion (EUR 11.3 billion). SCA has approximately 45,000 employees.