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SCA finalizes JV deal in Australasia

January 4, 2012

Sells half of operations down under to private equity firm.

SCAannounced it has finalized a transaction to create a joint venture in the Australasia region. The joint venture was formed through the sale of 50% of SCA's Australasian operations to the Australia-based equity partnership Pacific Equity Partners.

In first announcing the deal in November, SCA said it would strengthen operations in Australia and New Zealand by securing access to local competence and the local capital market and enabling a faster development of the operations.

SCA’s operations in Australia, New Zealand and Fiji employ about 1500 people. In 2010, this business had net sales of SEK 4400 million with some 70% related to tissue and some 30% related to personal care products. In the region, SCA manufactures and markets a number of leading brands including TENA, Tork, Sorbent, Purex, Libra, Treasures, Deeko and Handee Ultra.

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