TITLE

SCA Packaging sold for $400M to Metalmark

AUTHOR(S)
DeRosa, Angie
PUB. DATE
February 2007
SOURCE
Plastics News;2/5/2007, Vol. 18 Issue 49, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that SCA Packaging North America has been sold to a private equity group Metalmark Capital LLC for $400 million in cash in Stockholm, Sweden. The purchase price represents a multiple of 7.7 times earnings before interest, tax depreciation, and amortization in the estimated earnings in 2006. According to the Chief Executive Officer (CEO) of SCA Jan Astrom, the firm is making divestitures and acquisitions to focus on areas with greater growth opportunities.
ACCESSION #
24182081

 

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