SCA´s binding offer to acquire Asian hygiene company accepted

In February, Papernet.se reported that SCA had delivered a binding offer to acquire Everbeauty, a leading Asian personal care products company with sales in China, Taiwan and Southeast Asia. The company produces and markets baby diapers and incontinence care products with strong brands such as Dr P for incontinence care products and Sealer for baby diapers.The acceptance of SCA´s binding offer follows the privatization of Everbeauty under Taiwanese law. As a result, a sale and purchase agreement has been signed by SCA and the sellers.Following the signing of the sale and purchase agreement by the parties, the process will continue towards completing the acquisition, which will include seeking the approvals and clearances from relevant authorities in Taiwan.Closing of the deal is expected to take place in the summer of this year.