New Technologies completed the acquisition of the Russian operations of Essity for SEK1.2bn.

New Technologies, a Russian manufacturing company, completed the acquisition of the Russian operations of Essity, personal care products company, for SEK1.2bn. “Ever since the start of Russia’s war against Ukraine, we have been fully focused on exiting Russia. Today, we have completed the divestment of our business following a long and complex process,” Magnus Groth, Essity President and CEO.