- SCA Increases Ownership in Chinese Tissue Company
April 11, 2012 — SCA has acquired an additional 5 percent of the shares in Chinese tissue company Vinda.
SCA purchased the shares from Fu An, a company majority owned by the current chairman of Vinda. The purchase price for these additional shares was reported to be approximately US$88 million. SCA’s share in Vinda after the transaction will be 22.6 percent.
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SCA Tissue is one of the three largest producers of away-from-home tissue products in North America, annually turning more than 750,000 tons of recycled paper into 100 percent recycled tissues, towels and napkins under the global Tork® brand of SCA. It is a division of SCA, a global consumer goods and paper company headquartered in Stockholm, Sweden. In the United States, SCA Americas has more than 2,000 employees at eight manufacturing facilities, located in New York, Wisconsin, Arizona, and Alabama. For more information, visit www.SCA.com.
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