SCA Completes Offer, Now 59.95% Shareholder in Vinda Tissue
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"It is positive that we are now the majority shareholder of Vinda. We see the potential to further strengthen the company. Vinda is a well-known and well-managed company in the fast-growing Chinese market," said Jan Johansson, president and CEO of SCA.
"Since its beginnings back in 1985, Vinda has grown and captured market shares in the tissue segment. SCA aims to develop collaboration with Vinda and utilize its extensive and robust distribution network," Johansson added.
SCA will consolidate Vinda as of the first quarter of 2014.