SCA completes divestment of its packaging business to DS Smith
Jul 02, 2012. SCA’s previously announced divestment of its packaging business, excluding the two kraftliner mills in Sweden, has been completed. The buyer is DS Smith and the purchase price amounts to Euro 1.7 billion on a debt-free basis.
Jul 02, 2012. /Lesprom Network/. SCA’s previously announced divestment of its packaging business, excluding the two kraftliner mills in Sweden, has been completed, as the company said in the press release received by Lesprom Network.
The buyer is DS Smith and the purchase price amounts to Euro 1.7 billion on a debt-free basis. SCA’s two kraftliner mills in Sweden are not included in the transaction as they are well integrated with SCA´s forest products operations.
The divested operations have approximately 12,000 employees.
SCA is a global hygiene and forest company that develops and produces personal care products, tissue, publication papers and solid-wood products.