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SCA strengthens its presence in South America

April 18 2012  SCA acquires the remaining 50 percent in the Chilean hygiene company Pisa (Papeles Industriales SA). After the transaction, SCA will own 100 percent of the company. The purchase price is approximately 520 million Kronor.

Pisa's turnover 2011 was approximately 780 million Kronor. The company is primarily operating within tissue for consumers and Away-From-Home (AFH) usage, which represents almost 70 and almost 30 percent of the turnover, respectively. In addition, incontinence care products under SCA’s global brand Tena have been introduced in Chile through Pisa.SCA entered Pisa with a 50 percent ownership during 2003. After the acquisition announced today, which is expected to be closed by the end of April, Pisa will be a fully-owned subsidiary to SCA.“The time is ready for us to take the next step in our expansion in Latin America, where the Pisa acquisition further strengthens our presence on this important growth market,” says Jan Johansson, CEO of SCA.Pisa holds a position as number two in consumer tissue with the brand Favorita. Within AFH tissue, Pisa also holds a number two position in Chile. The company has over 400 employees and a production facility in the capital, Santiago.

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