11.10.08
Japan's Unicharm has purchased APPP, Australia's second-largest diaper manufacturer and made it a wholly-owned subsidiary. With about 20% share of the local market, APPP is second in size only to Kimberly-Clark in Australia, according to reports.
The purchase is part of an agressive overseas expansion strategy for Unicharm, which reported non-domestic sales at 35% during the year ended March 2008. The acquisition of APPP is the company's first expansion into the Oceanic region.
The purchase is part of an agressive overseas expansion strategy for Unicharm, which reported non-domestic sales at 35% during the year ended March 2008. The acquisition of APPP is the company's first expansion into the Oceanic region.