STOCKHOLM, Sweden, Sept. 5, 2003 (PRIMEZONE) -- SCA (Other OTC:SVCBF) has acquired the North American packaging company, Southeastern Packaging for a purchase price on a debt-free basis estimated at about USD 8.6 M (SEK 70 M). Southeastern Packaging is located in the Atlanta, Georgia area and specialize in the production of customized corrugated packaging in short series, primarily for the automotive and furniture industries. Significant synergies exist through SCA's present protective packaging operations in the area using corrugated board for stabilization and other purposes in packaging and through deliveries of protective packaging solutions in which the outer container is a corrugated packaging.
Based on the operating surplus in 2002, the acquisition EBITDA multiple is 5.1. The acquisition yields a CVA index of 1.8, which means that the current value of the future free cash flow is expected to exceed the purchase price by about 80 percent.
For further information please contact:
Jan Astrom, President and CEO
Phone: +46 70 586 07 01
Peter Nyquist, Senior Vice President Communications and
Investor Relations
Phone: +46 70 575 29 06
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