Wausau Paper is one of the largest Away-from-Home tissue companies in North America
October 13, 2015
SCA a leading global hygiene and forest products company, and Wausau Paper Corp. (“Wausau Paper”), a North American Away-from-Home tissue company, announced 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. The boards of directors of both companies have unanimously approved a definitive merger agreement. The merger consideration represents a premium of 40.6 percent to Wausau Paper’s closing price on October 12, 2015 and a premium of 11.3 percent to the Wausau Paper 52 week volume weighted average price. SCA has funding available.
Wausau Paper is one of the largest Away-from-Home tissue companies in North America. 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’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. The combined operations will provide customers with access to a comprehensive portfolio of food service offerings and premium tissue and washroom products. Following completion of the acquisition, SCA will continue to honor Wausau Paper’s existing customer contracts and programs.