Published: August 01, 2011
SCA Invests in Incontinence Care Products in Turkey
STOCKHOLM - (BUSINESS WIRE) - Regulatory News:
SCA (STO:SCAA)(STO:SCAB)(NASDAQ:SVCBY) is acquiring 95 percent of the
Turkish hygiene products company San Saglik, producer of incontinence
care products, from the family-owned MT Group. The purchase
consideration corresponds to SEK 95m on a debt-free basis.
San Saglik has rapidly captured market share since the company was
founded in 2008, and is now the second largest player in incontinence
care products in Turkey. The acquisition comprises local production and
access to strong brands.
"The acquisition of San Saglik supplements the acquisition of Komili,
producer of baby diapers, feminine care products and toiletries, which
was announced recently. SCA will have a complete personal care product
portfolio in Turkey. The strong distribution network in retail that we
accessed through Komili is now also extended to healthcare. Turkey is an
important growth market with 70 million inhabitants and a rapidly
growing population," says Jan Johansson, CEO and President of SCA.
San Saglik generates annual revenues of approximately SEK 100m. SCA has
a purchase option on the remaining 5 percent of the company.
The transaction is expected to be completed during the third quarter of
this year, following approval by the relevant authorities.
Stockholm, Sweden, 1 August 2011
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 August 1st, at 15.00 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 2010 amounted to SEK 107 billion (EUR 11.3 billion). SCA has
approximately 45,000 employees. More information at www.sca.com
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