Private equity firms bid €20 billion for SCA hygiene unit

16th of May 2017
Private equity firms bid €20 billion for SCA hygiene unit

A group of private equity companies have bid around 200 billion Swedish crowns (€20 billion) for the hygiene arm of tissue and forestry products firm SCA - best known in the away-from-home markets for its Tork brand of washroom and wiping solutions. This was reported in the Swedish daily newspaper Dagens Nyheter.

SCA had declined to comment.

The company said last year it planned to split into two units. One of these would continue to operate as SCA, a forest products company that will include the forest products operations and all forest land currently owned by the Group.

SCA's hygiene business, including the current business areas of personal care and tissue would become a global hygiene and health company operating under the name Essity.

www.sca.com

 

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