Essity Acquires Australian Hygiene CompanyFebruary 18, 2021
Essity has entered into an agreement to acquire Australian hygiene company Asaleo Care for approximately US$588,800.
Springvale, Australia-based Asaleo Care manufactures, markets, and distributes personal care and professional hygiene products, flushable wipes, and toilet and facial tissue throughout Australia, New Zealand, and Fiji. The company has 15 manufacturing and distribution facilities, employing approximately 700 workers. The deal is subject to customary regulatory approvals and is expected to be finalized in the second quarter of this year.
“The acquisition of Asaleo Care will facilitate the opportunity for profitable growth in Australia, New Zealand, and the Pacific region and will further consolidate our position as a leading global health and hygiene company,” says Magnus Groth, Essity CEO.
Essity is a global hygiene and health company that develops, produces, and sells personal care, consumer tissue, and professional hygiene products and solutions. For more information visit www.essity.com.