STOCKHOLM--(BUSINESS WIRE)--
Regulatory News:
SCA (NASDAQ:SVCBY)(STO:SCAA)(STO:SCAB) has - through its Colombian
joint-venture company - acquired Algodonera Aconcagua, one of the
largest players in feminine care in Argentina.
The decision to acquire Algodonera Aconcagua was taken by SCA's
half-owned, joint-venture company in Colombia, Productos Familia S.A.
The purchase price is approximately SEK 165m on a debt-free basis.
The operation of the acquired company focuses on feminine care products,
an area in which Algodonera Aconcagua currently holds a market share in
Argentina of about 20%, placing the company in third position in the
country. Regarding the market for feminine care products the three
largest companies account for about 80% of sales.
Algodonera Aconcagua also holds a small market share in baby diapers and
incontinence care, which presents the potential for future expansion in
these segments.
"This acquisition gives us a strong foothold in what is a new and
attractive market for us with considerable growth potential. The
transaction is entirely in line with our strategy, which is to expand in
selected, clearly identifiable emerging markets," says President and CEO
Jan Johansson.
Note The information provided herein is such that SCA is obligated to
disclose pursuant to the Securities Markets Act.
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 90 countries. SCA
has many well-known brands, including the global brands Tena and Tork.
Sales in 2008 amounted to SEK 110 billion (EUR 11.5 billion). SCA has
approximately 52,000 employees. More information at www.sca.com
This information was brought to you by Cision http://www.cisionwire.com
SCA
Par Altan, Vice President Media Relations
+46
(0)8-788 52 37
or
Johan Karlsson, Vice President Investor
Relations
+46 (0)8-788 5130
Source: SCA
<<Business Wire -- 10/28/2009>>