01.21.16
SCA, a leading global hygiene and forest products company, announced today that the shareholders of Wausau Paper Corp. (WPP), a North American Away-from-Home tissue company, have approved its acquisition by SCA. The transaction is scheduled to occur today for total consideration of $513 million.
“SCA is the world’s leading supplier of Away-from-Home tissue with the global brand Tork. This acquisition is an excellent strategic fit and makes us a stronger supplier in North America. The acquisition will generate benefits for SCA and our customers,” says Magnus Groth, president and CEO, SCA.
Don Lewis, president, AfH Professional Hygiene, SCA, “On behalf of all SCA employees, I am excited to welcome Wausau Paper into the SCA family. The Wausau Paper product portfolio complements SCA’s offerings in North America, and the combined brands will provide customers with superior sales, service, innovation and logistics.”
"With the closing of this transaction, the Wausau team joins an organization that shares our vision and values," says Michael C. Burandt, chairman and CEO of Wausau Paper. “We believe this provides an opportunity to capitalize on new resources and opportunities that will benefit our customers."
“SCA is the world’s leading supplier of Away-from-Home tissue with the global brand Tork. This acquisition is an excellent strategic fit and makes us a stronger supplier in North America. The acquisition will generate benefits for SCA and our customers,” says Magnus Groth, president and CEO, SCA.
Don Lewis, president, AfH Professional Hygiene, SCA, “On behalf of all SCA employees, I am excited to welcome Wausau Paper into the SCA family. The Wausau Paper product portfolio complements SCA’s offerings in North America, and the combined brands will provide customers with superior sales, service, innovation and logistics.”
"With the closing of this transaction, the Wausau team joins an organization that shares our vision and values," says Michael C. Burandt, chairman and CEO of Wausau Paper. “We believe this provides an opportunity to capitalize on new resources and opportunities that will benefit our customers."