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SCA Acquisition of 95% stake in San Saglik
On 1 August 2011, Swedish Svenska Cellulosa Aktiebolaget (SCA), a global hygiene and paper company, announced the acquisition of a 95% stake in Turkish hygiene products company San Saglik, producer of incontinence care products, from the family-owned MT Group. The purchase consideration corresponds to SEK 95 million (approx. US$15.2 million) on a debt-free basis.
San Saglik, which was founded in 2008, is currently the second largest producer of incontinence care products in Turkey. The acquisition includes local production and access to strong brands.
The acquisition supplements the recent acquisition of Komili, Turkey’s fourth largest producer of baby diapers and feminine care products.
SCA is a global hygiene and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products.
The transaction is expected to be finalised during the third quarter of the current year, and is subject to the usual conditions including the Competition Board approval.
Paksoy is pleased to announce that Mr. M. Togan Turan (partner) represented SCA in this transaction.
For more information please visit www.paksoy.av.tr