SCA Purchasing Copomex Baby Diaper Business
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SCA, Stockholm, Sweden, this month reported that it is purchasing the Copamex baby diaper business in Mexico and Central America. The purchase price is equivalent to approximately $50 million on a debt-free basis.
Copamex produces baby diaper brands Dry Kids for the Mexican market and Tessy Babies for consumers in Central America. Sales in the acquired business was approximately $60 million in 2009. Copamex holds a number three position in baby diapers in Mexico.
The acquisition will add to SCA’s current portfolio of hygiene products in the region which now includes feminine care, incontinence care, consumer tissue, away from home tissue products, and baby diapers. The transaction is expected to be completed during the third quarter of 2010, after necessary approvals from relevant authorities.
   
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