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. More information at www.sca.com