SCA of Sweden to Buy Georgia-Pacific Unit for $1.8 Billion – NYTimes.com

LONDON — The Swedish hygiene and paper company SCA announced plans on Thursday to acquire the European tissue business of Georgia-Pacific for $1.8 billion.

SCA, based in Stockholm, said the Georgia-Pacific unit it would be combined with its own consumer operations, which make products including tissues and diapers. The company said the deal would lead to $170 million of annual cost savings by 2014.

via SCA of Sweden to Buy Georgia-Pacific Unit for $1.8 Billion – NYTimes.com.