Swedes Squeeze into Brazilian Diapers

Swedish paper group Svenska Cellulosa (SCA) has agreed to acquire Brazil’s Pro Descart for SEK450m ($70m). The privately-held Brazilian maker of diapers and other hygienic products booked about $56m in revenue last year, SCA says. The parties would not comment on advisors used in the transaction. It is the first venture into Brazil for SCA, which has a presence in Mexico and several Andean countries.