SCA Completes Divestment of Laakirchen Mill
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SCA, Stockholm, Sweden, reports that it has now completed the previously announced divestment of its Laakirchen mill in Austria. The Laakirchen mill, a producer of magazine paper, was sold to Heinzel Group. The closing follows clearance by relevant competition authorities. The initial purchase consideration is EUR 100 million with a possible maximum additional purchase price of EUR 100 million based on a two-year profit-sharing model.
SCA is a global hygiene and forest products company. The company develops and produces personal care, tissue, and forest products. It has some 36,000 employees and the company's sales in 2012 amounted to SEK 85 billion (EUR 9.8 billion).
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