03.20.18
Established in June 2017 following the split of SCA into two separate businesses, Essity comprises the personal care, tissue and professional hygiene businesses once owned by SCA. SCA’s forest businesses remain under the SCA umbrella.
The company was split—after the measure was approved by shareholders in April 2017—to allow each separate company to individually carry out its own strategies.
“I am pleased that the shareholders support the Board’s proposal regarding two separate listed companies. This will increase value for shareholders in the long-term through increased focus, customer value, development opportunities and enables each company to successfully realize its strategies. We look forward to an exciting future for our two strong listed companies,” says Magnus Groth, former CEO of SCA and current president and CEO of Essity.
SCA was founded in 1929 as a forest products company operating in Sweden. Over the years, the company expan
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