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|SCA expands in Chile|
Hygiene products leader SCA continues its strategy of localisation, having now acquired the remaining 50% of the Chilean hygiene company PISA (Papeles Industriales SA) for approximately €59 million.
PISA’s 2011 turnover 2011 was approximately €88 million and the company is primarily operating within tissue for consumers and Away-From-Home usage, which represent almost 70% and 30% of the turnover, respectively. In addition, incontinence care products based on nonwovens under SCA’s Tena brand have been introduced in Chile through PISA.
“The time is ready for us to take the next step in our expansion in Latin America, where the PISA acquisition further strengthens our presence on this important growth market,” says Jan Johansson, CEO and President of SCA.
PISA holds a position as number two in consumer tissue with the brand Favorita. Within AFH tissue, PISA also holds a number two position in Chile. The company has over 400 employees and a production facility in the capital Santiago.
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