to Build a Leading Hygiene Company in Asia
(1 April 2016 – Hong Kong) Vinda International Holdings Limited (stock code: 3331) is pleased to announce today that it has completed the acquisition of SCA Hygiene Malaysia Sdn. Bhd.. The acquisition of SCA Hygiene Korea Co. Ltd. and SCA Taiwan Ltd. is expected to complete on 1 April.
Following the completion of the acquisition, SCA Malaysia, SCA Korea and SCA Taiwan become the subsidiaries of Vinda International.
Mr. Christoph Michalski, CEO of Vinda International said, “The integration with SCA’s Asian business has taken us one step forward to achieve our goal of becoming a leading hygiene company in Asia. The integration will give us the routes to market across Asia where we can extend our tissue presence and continue to build the personal care business. We will strive to deliver sustainable business growth through three priorities, (1) driving tissue business in China, (2) broadening personal care presence in China, and (3) driving personal care growth in Asia and rolling out tissue business.”