Monday, July 2, 2012

DS Smith Completes Acquisition of SCA Packaging

SCA's divestment of its packaging operations is completed: SCA’s previously announced divestment of its packaging business, excluding the two kraftliner mills in Sweden, has been completed.
The buyer is DS Smith DS Smith and the purchase price amounts to EUR 1.7bn on a debt-free basis. SCA’s two kraftliner mills in Sweden are not included in the transaction as they are well integrated with SCA´s forest products operations.
The divested operations have approximately 12,000 employees.
(SCA Svenska Cellulosa Aktiebolaget)