Tissue giant with Kawerau factory in $A690m float

New Zealand’s biggest toilet paper supplier will raise as much as $A690 million in an initial public offering across the Tasman.

SCA Hygiene Australasia, which is changing its name to Asaleo Care, is a joint venture between Pacific Equity Partners, the former owner of Independent Liquor, and Swedish company Svenska Ceullulosa SAC AB.

The company operates in Australia, New Zealand and Fiji and its brands include Purex, Sorbent, Handee, Treasures and Libra.

 

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