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P&G buys share in Chilean diaper company.

Chilean Diaper Company In an effort to strengthen its South American business, Procter & Gamble, Cincinnati, OH, recently purchased 50% of Chilean disposable diaper and feminine hygiene pad company, Prosan. The sale, which was completed for $95 million from Cia. Manufactuera de Papeles & Cartones S.A., Santiago, Chile, gives P&G a foothold in the baby diaper markets in Paraguay, Uruguay and Bolivia, where Prosan exports its "Babysan" diapers and "Ladysan" feminine pads, in addition to the markets in Chile.

Prosan also exports to Argentina, where P&G is already established with its Equimad subsidiary. Equimad will be incorporated into the Prosan venture.
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Title Annotation:Proctor and Gamble purchase 50% of Prosan, disposable diaper and feminine hygiene products company
Publication:Nonwovens Industry
Date:Nov 1, 1992
Words:102
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