SCA Offer to Acquire Everbeauty Accepted, Process Continuing toward Closing
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SCA, Stockholm, Sweden, reports that the privatization of Everbeauty under Taiwanese law has been completed, and as a result, the agreement for SCA to acquire Everbeauty has now been signed by both parties.
On February 25, SCA announced that it had delivered a binding offer to acquire Everbeauty, an 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.
Following the signing of the sale and purchase agreement by the parties, the process will continue towards completing the acquisition, which will include seeking approvals and clearances from relevant authorities in Taiwan. Closing of the deal is expected to take place this summer.
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