SCA Acquires Tissue Converting Company on the Canary Islands.STOCKHOLM, Sweden -- Global paper and consumer product corporation SCA (Single Connector Attachment) An 80-pin plug and socket used to connect peripherals. With a SCSI drive, it rolls three cables (power, data channel and ID configuration) into one connector for fast installation and removal. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SVCBY) (STO:SCAA SCAA Specialty Coffee Association of America SCAA School Curriculum and Assessment Authority (England) SCAA South China Athletic Association SCAA Spill Control Association of America SCAA State Communities Aid Association ) (STO:SCAB) (LSE LSE - Language Sensitive Editor :SNKB) has today concluded an agreement with the owners of the Canary Islands tissue converting company MAPACASA covering the acquisition of the company. The acquisition is in line with SCA's strategy on the competitive Iberian market. "The operation enables SCA to improve the service to our customers thanks to local production and increased efficiency in the supply chain", says Ole Terland, Head of SCA's European tissue operations. MAPACASA has currently a converting capacity of 9 000 tonnes of finished goods. The company has two tissue converting lines and logistic facilities in Las Palmas and distribution platforms in Gran Canaria and Tenerife - with a focus on both Consumer Tissue and Away from Home. Sales in 2005 amounted to EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 9.7 M. The company employs around 40 people. "With a combination of the synergies, we reach a stronger position on the tissue market in Iberia. SCA has strategic partnerships that will further benefit from our MAPACASA acquisition", says Ole Terland during SCA's Capital Market Day in Stockholm, today. The acquisition requires approval by relevant Spanish authorities. This information was brought to you by Waymaker http://www.waymaker.net |
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