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SCA strengthens its position in Turkey by acquisition

Aug 12 2011  SCA is acquiring 95 percent of the Turkish hygiene products company San Saglik, producer of incontinence care products. The acquisition comprises local production and access to strong brands.

The purchase consideration corresponds to 95 million Kronor on a debt-free basis.San Saglik, owned by the family-owned MT Group, has rapidly captured market share since the company was founded in 2008. It is now the second largest player in incontinence care products in Turkey. The acquisition of San Saglik supplements the acquisition of Komili, producer of baby diapers, feminine care products and toiletries, which was published on Papernet earlier this summer.Through these acquisitions, SCA will have a complete personal care product portfolio in Turkey. The strong distribution network in retail that SCA accessed through Komili is now also extended to healthcare, according to Jan Johansson, CEO of SCA.”Turkey is an important growth market with 70 million inhabitants and a rapidly growing population,” Jan Johansson said.San Saglik generates annual revenues of approximately 100 million Kronor. SCA has a purchase option on the remaining five percent of the company.The transaction is expected to be completed during the third quarter of this year, following approval by the relevant authorities.

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