Nip Impressions logo
Tue, Mar 19, 2024 06:20
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Essity completes acquisition of shares in Productos Familia S.A.

SWEDEN (News release) -- Essity has finalized its acquisition of 45.8% of the shares in Colombian hygiene company Productos Familia S.A. ("Familia"). Essity now owns 95.8% of Familia. The purchase price amounts to USD 1,540m (approximately SEK 13bn) for 100% of the company on a debt free basis. The acquisition is expected to be accretive to Essity's earnings per share from 2021.

"I'm happy to welcome our Familia colleagues into the Essity family. Together we will build an even stronger platform in Latin America to further increase growth, profitability and efficiency as well as accelerating the digital transformation", says Magnus Groth, President and CEO, Essity.

Essity has been an owner in Familia since 1985. This innovative and consumer centric company has a strong presence across Latin America, primarily operating in Personal Care and also in Consumer Tissue and Professional Hygiene. Familia is already consolidated in Essity's accounts, and reported sales in 2020 of SEK 6,950m, an adjusted EBITDA of SEK 1,419m and adjusted EBITA of SEK 1,170m, equivalent to an adjusted EBITA margin of 16.8%. Organic sales growth in 2020 amounted to 2.8%.

Readers, please tell your suppliers that you read Paperitalo Publications


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: