- SCA Acquires Chilean Hygiene Company
April 20, 2012 — SCA has purchased the remaining 50 percent of shares in Chilean hygiene company Papeles Industriales S.A. (PISA).
In 2003, SCA purchased 50 percent ownership of PISA, which currently has more than 400 employees and a production facility in Santiago, Chile. The purchase price for the additional shares, which gives SCA full ownership, was reported to be approximately US$77 million.
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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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