The requirements imposed by the EU Commission included the sale of parts of Georgia-Pacific’s former operations in the UK, Ireland and the Benelux countries, and certain operations in the Scandinavian region.
ByLesprom Network
Apr 22, 2013. /Lesprom Network/. In conjunction with SCA’s acquisition of Georgia-Pacific’s European
tissue operations during the summer of 2012, the EU Commission imposed
requirements concerning the divestment of certain units within consumer
tissue. This was communicated in a press release on July 19, 2012. The
EU Commission has now approved the divestments, said SCA in a statement.The requirements imposed by the EU Commission included the sale of
parts of Georgia-Pacific’s former operations in the UK, Ireland and the
Benelux countries, and certain operations in the Scandinavian region.
The branded business in the UK, Ireland and the Benelux countries is
being sold to Sofidel. The production facility in Horwich, UK, is
included in this transaction.
The retailer brand businesses in the UK and Ireland are being sold to
Northwood & WEPA. The production facility in Bridgend, UK, is
included in this transaction.
Parts of the Nordic retailer brand business have been sold to Vajda
Papir. The production facility in Drammen, Norway is included in the
transaction, together with a conversion line from the facility in Nokia,
Finland.
These operations together represent total sales of about Euro 200 million and
the combined purchase consideration is approximately Euro 100 million.
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