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SCA completes acquisition of Georgia-Pacific23rd of July 2012
SCA's acquisition of Georgia-Pacific's European tissue business has now been completed. The purchase price amounts to 1.32 billion euros on a debt-free basis. The acquired operations had sales in 2011 amounting to 1.25 billion euros.
"We are pleased that we now have closed the deal," said Jan Johansson, president and ceo of SCA. "The acquisition is a strategic fit that will strengthen our product offering with well-known brands and geographic reach in Europe. It also leads to substantial synergies."
Closure of the deal follows EU clearance and the requirement that SCA divest Georgia-Pacific´s consumer tissue business in the UK including production capacity; Georgia-Pacific´s consumer tissue branded business in Benelux licensing out the Lotus brand during a limited time; and some of Georgia-Pacific´s and SCA´s retailer branded business in Scandinavia including production capacity.