Swedish hygiene products maker SCA (SCA.STO) plans to acquire a controlling stake in Chinese tissue maker Vinda (3331.HKG), Reuters reported. SCA chief executive Jan Johansson on Monday said Vinda’s board recommended the plan. SCA, whose main market is Europe but which already owns 21.7% of Vinda, said it hoped to finalize the deal in the fourth quarter. It has named Asia a priority due to rising demand for hygiene products as living standards rise. It expects Asia to make up more than half of global hygiene market growth in coming years and China to account for the bulk of that.
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