Swedes Get Remainder of Chilean Tissue Maker

Swedish hygiene and paper company Svenska Cellulosa (SCA) has agreed to buy the 50% it does not already own in Chile’s Papeles Industriales (Pisa), for about SEK520m ($77m), it says. SCA bought the first piece of SCA in 2003, and has since been expanding in LatAm, most recently with the $70m purchase of Pro Descart in Brazil last year. Pisa specializes in tissue and hygiene products, and distributes incontinence care products under SCA’s Tena brand. SCA has a presence in Mexico and several Andean countries.