Asaleo Offloads Australian Consumer Tissue Business for Attractive Price, FVE Raised to AUD 0.85
Asaleo Care announced the sale of its Australian Consumer Tissue business to Solaris Paper, for an extremely attractive price. The tissue business was home to leading brands Sorbent toilet and facial tissue, along with Handee Ultra paper towel. The sale price of AUD 180 million represents over 10 times pro forma EBITDA, although this EBITDA figure has been normalised to reflect pulp prices and trade spend more closely in line with long-term averages.We believe this is an attractive sale price, ...
Asaleo Care is a personal care and hygiene company. Co. is engaged in manufacturing, marketing, distributing and selling of everyday consumer products across the Feminine Care, Incontinence Care, Baby Care, Consumer Tissue and Professional Hygiene product categories. Co. has two reporting segments: Tissue, which manufactures and markets personal toilet tissue, paper towel, facial tissue, napkins and other tableware products within Australia, New Zealand and Pacific Islands; and Personal Care, which manufactures and markets personal hygiene products and nappies within Australia and New Zealand.
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