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SCA to Buy Tissue Converting Company on the Canary Islands

Sept. 4, 2006 - SCA yesterday finalized an agreement to acquire MAPACASA, a Canary Islands tissue converting company.

SCA said the acquisition is in line with its strategy on the competitive Iberian market.

MAPACASA currently has a converting capacity of 9,000 tonnes of finished goods. The company has two tissue converting lines and logistic facilities in Las Palmas and distribution platforms in Gran Canaria and Tenerife — with a focus on both Consumer Tissue and Away from Home.

Sales in 2005 totalled EUR 9.7 million. The company employs around 40 people.

The deal requires approval by the Spanish authorities.

SOURCE: SCA




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