SCA and Vinda to integrate hygiene business in China
STOCKHOLM, July 18, 2014-
SCA, a leading global hygiene and forest products company, and the majority shareholder in China's third-largest tissue company, Vinda International Holdings Limited ("Vinda") is strengthening the cooperation with Vinda. SCA to transfer its hygiene business in China (Mainland China, Hong Kong and Macau) to Vinda.
As part of the transaction, SCA and Vinda have signed an agreement regarding the exclusive license to market and sell the SCA brands; TENA, (incontinence products) Tork (Away from Home tissue), Tempo (consumer tissue), Libero (baby diapers), and Libresse (feminine care) in China (Mainland China,Hong Kong and Macau). With this agreement, Vinda will hold the rights to these product brands in these Chinese markets. Vinda will acquire SCA's Dr P and Sealer brands in China.
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