Wausau Paper’s reported sales for the first half year 2015 amounted to USD 175 million (SEK 1.5 billion), EBITDA of USD 32 million (SEK 268 million) and operating profit of USD 11 million (SEK 94 million). Burandt, Chairman and CEO of Wausau Paper. Our customers will benefit from expanded products and services from a company that shares similar values around customer service and sustainability,” says Michael C. This transaction is a testament to our talented team of employees and the strong, focused company that they have worked to create. “Our Board has undertaken a thorough process to explore all of Wausau Paper’s options and has determined SCA’s offer creates substantial value and is in the best interests of the company and its shareholders.
We expect the acquisition to generate benefits for SCA and our customers,” says Magnus Groth, President and CEO, SCA. The Wausau Paper product portfolio complements SCA’s offerings in North America and gives us access to premium tissue in that region. The acquisition of Wausau Paper is an excellent strategic fit and strengthens our presence in North America. “SCA is the world leading supplier of Away-from-Home tissue with the global brand Tork®. Following completion of the acquisition, SCA will continue to honor Wausau Paper’s existing customer contracts and programs. The combined operations will provide customers with access to a comprehensive portfolio of food service offerings and premium tissue and washroom products. Wausau Paper’s advanced tissue technology with manufacturing flexibility enables it to produce its towels and tissue entirely from recycled paper, which will further contribute to SCA’s efforts to create environmentally-friendly products and extend its sustainability commitment. With approximately 900 employees, the company manufactures and markets Away-from-Home towel and tissue products along with soap and dispensing systems through its Artisan™, DublNature®, DublSoft® and EcoSoft® brands. Wausau Paper is one of the largest Away-from-Home tissue companies in North America. The merger consideration represents a premium of 40.6% to Wausau Paper’s closing price on Octoand a premium of 11.3% to the Wausau Paper 52 week volume weighted average price. The boards of directors of both companies have unanimously approved a definitive merger agreement. (“Wausau Paper”) (NYSE: WPP), a North American Away-from-Home tissue company, announced today that SCA will acquire Wausau Paper for USD 10.25 per share or total consideration of USD 513 million (approximately SEK 4.2 billion) in cash. Stockholm, Sweden and Mosinee, Wisconsin October 13, 2015-SCA (NASDAQ OMX Stockholm: SCA), a leading global hygiene and forest products company, and Wausau Paper Corp. Deal expected to generate annual synergies of approximately USD 40 million Enhances SCA’s Away-from-Home premium tissue portfolio, extends North American footprint and production capacity Businesses will benefit from combined innovation, sales, and logistics capabilities
WAUSAU PAPER CREATIVE COLLECTION PROFESSIONAL
Complementary offerings to provide customers with expanded range of professional hygiene products and services
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