Stockholm, Sweden, 8 February 2012 — Georgia-Pacific´s acceptance of SCA's binding offer follows consultations with appropriate works councils. As a result, a sales and purchase agreement has been signed by both parties.

The process will continue towards finalizing the acquisition, including the approvals by relevant competition authorities and further local consultation processes.

November 10th, 2011, it was announced that SCA had delivered a binding offer to acquire Georgia-Pacific´s European tissue operations. Georgia-Pacific has a well-established presence in Europe in both Away-From-Home and consumer tissueproducts. The company's products are in particular marketed with the well-known Lotus brand.

Georgia-Pacific's European tissue operations have approximately 5,000 employees and 15 production sites in seven countries. Sales in 2010 amounted to EUR 1.25bn (SEK 11.9bn).

Source: WorldPressOnline