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Stockholm. The buyer is private equity firm Metalmark who is willing to pay $ 400 million in cash, or about 2.8 billion. The divested operation has annual sales of about 430 million dollars a year and has about 2,100 employees. Protective packaging and consumer packaging are among the products manufactured. SCA CEO Jan Åström can not give any immediate indication of what the money will be used. But he notes that it is important to try to capture growth in Eastern Europe. - There are the markets we primarily focus on. We are looking for growth opportunities in Eastern Europe and China, says Åström. He does not want to dwell on the subject of SCA now will buy companies when checkout is growing properly. But he suggests that the company can get by without buying. - So far we are growing quite well organically on the markets, says Åström. The divested business accounts for about 10 percent of SCA's packaging foam fest business. The transaction is expected to be completed during the first quarter, but it must first be approved by the American foam fest authorities. foam fest
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