SCA invests in incontinence care products in Turkey


SCA invests in incontinence care products in Turkey

SCA is acquiring 95 percent of the Turkish hygiene products company San
Saglik,
producer of incontinence care products, from the family-owned MT Group.
The
purchase consideration corresponds to SEK 95m on a debt-free basis.

San Saglik has rapidly captured market share since the company was
founded in 2008,
and is now the second largest player in incontinence care products in
Turkey. The
acquisition comprises local production and access to strong brands.

“The acquisition of San Saglik supplements the acquisition of Komili,
producer of baby
diapers, feminine care products and toiletries, which was announced
recently. SCA will
have a complete personal care product portfolio in Turkey. The strong
distribution
network in retail that we accessed through Komili is now also extended
to healthcare.
Turkey is an important growth market with 70 million inhabitants and a
rapidly growing
population,” says Jan Johansson, CEO and President of SCA.

San Saglik generates annual revenues of approximately SEK 100m. SCA has
a purchase
option on the remaining 5 percent of the company.

The transaction is expected to be completed during the third quarter of
this year,
following approval by the relevant authorities.

Stockholm, Sweden, 1 August 2011

For additional information, please contact:
Jörgen Olsson, Press & Media Officer, +46 8 788 51 29

NB
This information is such that SCA must disclose in accordance with the
Securities
Markets Act and/or the Financial Instruments Trading Act. The
information was submitted
for publication on August 1st, at 15.00 CET.

 

Attachments

GlobeNewswire