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SCA's binding offer on G-P's European tissue operations is accepted
SCA's binding offer to acquire Georgia-Pacific's European tissue operations has been accepted.
Georgia-Pacific's acceptance of SCA's binding offer follows consultations with appropriate works councils. As a result, a sales and purchase agreement has been signed by both parties.
The process will continue towards finalising the acquisition, including the approvals by relevant competition authorities and further local consultation processes.
It was announced in November that SCA had delivered a binding offer to acquire Georgia-Pacific's European tissue operations. Georgia-Pacific has a well-established presence in Europe in both Away-From-Home and consumer tissue products. The company's products are in particular marketed with the well-known Lotus brand.
Georgia-Pacific's European tissue operations have approximately 5,000 employees and 15 production sites in seven countries. Sales in 2010 amounted to EUR 1.25bn (SEK 11.9bn).
9th February 2012