(PPI Europe) -
Spanish machinery producer MTorres has acquired Italian tissue line specialist Universal Tissue. The new company will operate under the name MTorres Tissue. “The merger of two experienced teams becoming one leverages innovative technology from different sectors and enables MTorres Tissue to provide exceptional value to our customers,” the two companies said in a joint statement.
SCA Hygiene has raised Euro 2 billion ($2.1 billion) on the international bond market, the proceeds of which will go towards financing the previously announced acquisition of BSN medical. The operation was carried out under SCA’s Euro Medium Term Note program. The issue was oversubscribed and the bonds were placed with 150 international investors, the firm said in a statement. The bonds have an average interest rate of 0.98%. The BSN medical deal closed at the beginning of April.
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