SCA will acquire Wausau Paper for USD 513 million in cash. The boards of directors of both companies have unanimously approved a definitive merger agreement.
Wausau Paper is one of the largest 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 reported sales for the first half year 2015 amounted to US$ 175 million, EBITDA of US$ 32 million and operating profit of US$ 11 million. Wausau Paper’s reported sales in 2014 amounted to US$ 352 million, EBITDA of US$ 38 million and operating profit of US$ -3 million.