Breaking News

SCA Buys Stake In Turkish Diaper Maker

June 30, 2011

Komili to operate as joint venture.

European hygiene leader SCA is acquiring 50% of the Turkish hygiene products company Komili from Yıldız Holding, which is the largest food group in Turkey. The purchase price was reported at SEK 308 million ($48 million) on a debt-free basis.
 

Komili is currently the fourth largest producer of baby diapers and feminine care products in Turkey and the company also has operations in associated product areas such as wet wipes, soaps and shampoo. Moving forward, Komili will operate as a joint venture between SCA and Yıldız Holding.

 
The acquisition includes local production and access to a strong distribution network in the country. Komili’s annual sales are approximately SEK 530 million ($84 million).
 
“The acquisition will enable us to establish powerful hygiene products operations in Turkey in the fields of baby diapers and feminine care products. The business will also provide us with a platform for our incontinence care products in a key growth market with 70 million inhabitants and a fast-growing population,” said Jan Johansson, president and CEO of SCA.
The transaction is expected to be finalised during the third quarter of the current year, following approval from the authorities concerned.

 

Related Application:

Related Market:

Related Other:

  • Toray Advances In Asia

    Toray Advances In Asia

    Karen McIntyre, editor||February 18, 2016
    With four lines in China and two in Indonesia, this Korean company is intent on being Asia’s largest nonwovens manufacturer

  • The New  Private Label

    The New Private Label

    Karen McIntyre, editor||January 5, 2016
    Retailers aren’t just focusing on price to lure consumers in.

  • Core Strength

    Core Strength

    Karen McIntyre, editor||January 5, 2016
    Low pulp or no pulp, one thing is for sure diapers are thinner than ever.