SCA to Divest Llangynwyd, Horwich, Drammen Mills in G-P EMEA Acquisition Deal
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As part of the EC clearance requirements for takeover of Georgia Pacific's EMEA tissue business, RISI, Brussels, Belgium, reports that SCA, Stockholm, Sweden, will divest the 55,000 metric tpy Llangynwyd Mill in Bridgend, U.K., the 22,000 metric tpy Drammen mill in Norway, and the tissue converting plant in Horwich, Lancashire, U.K The sites proposed for sale were made public during SCA's recent conference call for its H1 results.
RISI noted that according to Jan Johansson, chief executive, SCA intends to complete the divestments within a six-month timeframe following the G-P deal's closure, as required by the EC.
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