PHILADELPHIA, June 15, 2017 /PRNewswire/ -- Essity (ESSITY AB), the leading global hygiene and health company, listed on Nasdaq Stockholm today. With a focus on hygiene and health central to Essity's vision, the company hopes to continue to expand upon the market growth of the Tork, TENA, and medical solutions brands like JOBST in North America.
The listing of Essity follows the decision to split the SCA Group into two independently listed companies – the forest products company SCA, and the leading global health and hygiene company Essity. The proposed split of the company was announced last autumn, when SCA presented a new vision for the hygiene part of its business in which hygiene is seen as a means for improving people's health and well-being.
Essity's vision is to be dedicated to improving well-being through leading health and hygiene solutions, while the company's mission is to sustainably develop, produce, market and sell value-added hygiene and health products and services.
Tork is the number one professional hygiene tissue brand in the world and the clear number two brand in the U.S. And TENA remains the leading global brand in managing incontinence. The launch of Essity will build on that foundation and create opportunities to diversify into new health product groups following the recent acquisition of BSN medical, a leading medical solutions company that manufactures the JOBST compression therapy brand in the U.S.
In addition, Essity has reaffirmed its commitment to the ongoing global Hygiene Matters initiative. The initiative aims to drive education and spark a global conversation around the importance of hygiene and its link to health and well-being by helping to break taboos, while highlighting the economic impact of hygiene.
Don Lewis, President, Professional Hygiene said:
"With the launch of Essity we have a new name and an even stronger sense of purpose - improving well-being by providing leading hygiene and health solutions. Our hygiene and health focus will allow us to bring new innovations to market while offering our customers and consumers the insights, knowledge and best practices that can only come from one of the world's leading hygiene companies."
Tork and TENA customers and consumers will begin to see SCA branding phased out from the hygiene business and replaced with new Essity branding over the next two years.
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Essity is a leading global hygiene and health company that develops, produces and sells Personal Care (Baby Care, Feminine Care, Incontinence Products and Medical Solutions), Consumer Tissue and Professional Hygiene products and solutions. Our vision is; Dedicated to improving well-being through leading hygiene and health solutions. Sales are conducted in approximately 150 countries under many strong brands, including the leading global brands TENA and Tork, and other brands, such as Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. Essity has about 48,000 employees and net sales in 2016 amounted to approximately $12 billion. The business operations are based on a sustainable business model with focus on value creation for people and nature. The company has its headquarters in Stockholm, Sweden, and is listed on Nasdaq Stockholm. Essity used to be part of the SCA Group. More information at www.essity.com.
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