Essity completed the acquisition of an additional 45.8% stake in Productos Familia for $1.5bn.

Essity, a global hygiene and health company, completed the acquisition of an additional 45.8% stake in Productos Familia, a provider of care, hygiene and cleaning solutions, for $1.5bn. "Familia is an innovative and consumer centric company. Our strong relationship dates back more than 30 years. With this acquisition we are building a stronger platform in Latin America to increase growth, profitability and efficiency as well as accelerating the digital transformation," Magnus Groth, Essity President and CEO.