SCA Acquiring Remaining 50% Ownership of Chilean-Based PISA
 Print this article | Send to Colleague
SCA, Stockholm, Sweden, reports that it is acquiring the remaining 50% of the Chilean hygiene company PISA (Papeles Industriales S.A.), and after the transaction will own 100% of the company. The purchase price is approximately 520 MSEK.
PISA's 2011 turnover was approximately 780 MSEK. The company is primarily operating within tissue for at-home (AH) consumers and away-from-home (AFH) markets, which represents almost 70% and almost 30% 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% ownership during 2003. After the acquisition announced this week, which is expected to be closed by the end of April, PISA will be a fully-owned subsidiary of 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," said Jan Johansson, CEO and president 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 more than 400 employees and a production facility in the capital Santiago.
|
|
