21.07.2010 06:40:00
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SCA: Baby Diapers Acquisition Strengthens SCA's Presence in Mexico and Central America
Copamex produces well-known baby diaper brands Dry Kids for the Mexican market and Tessy Babies for consumers in Central America. Sales in the acquired business was approximately USD 60m in 2009. Copamex holds a number three position in baby diapers in Mexico.
"The acquisition will strengthen SCA’s presence in Latin America, and creates a base for expansion of baby diapers in Mexico and Central America”, says CEO and President Jan Johansson.
The acquisition will add to SCA’s current portfolio of hygiene products in the region which now includes feminine care, incontinence care, consumer tissue, away from home tissue products and baby diapers.
The transaction is expected to be completed during the third quarter of 2010, after necessary approvals from relevant authorities.
This information is such that SCA must disclose in accordance with the Securities Markets Act.
SCA (STO:SCAA) (STO:SCAB) 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 2009 amounted to SEK 111 billion (EUR 10.5 billion). SCA has approximately 50,000 employees. More information at www.sca.com.
This information was brought to you by Cision http://www.cisionwire.com
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