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SCA’s Complete Divestment of UK and Ireland Corrugated Business
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Stockholm, Sweden, 30 September 2008 -- SCA’s divestment of the conventional corrugated business in the UK and Ireland was completed today. The buyer is the Spanish company SAICA and the purchase price amounts to GBP 100 million (EUR 125 million).

Finalization of the transaction follows approval by the relevant competition authorities. The transaction will improve operating profit and cash flow, but will not result in any capital gain or loss.

SCA will retain and continue to develop the specialized value-added packaging operations in the UK and Ireland. These units show favourable profitability and strengthen SCA’s overall strategy of focusing on products and solutions with higher value added.

 


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