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Essity Finalizes Divestment of Vinda

Essity has successfully completed the divestment of its entire holding of 51.59% of shares in Vinda International Holdings LTD.

Essity announced plans to sell its share in the Asian hygiene company last year. According to a press release, the sale proceeds amounted to roughly US$1.8 billion. Essity will retain a presence in Asia and in Vinda through continued licensing of its brands.

“Essity is now in better shape than ever. Following the divestment of Vinda the categories with the highest margins and lowest capital intensity account for a larger part of the company. The company’s pulp consumption has halved, and we have a more attractive portfolio with higher profitability and lower volatility. The transaction reduced consumer tissue’s share of net sales in 2023 from 41% to 33%. We look forward to continuing to grow a portfolio of more value-generating categories,” said Magnus Groth, Essity president and CEO.

About Essity
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 essity.com.