Asia Pacific Resources International, a maker of pulp and paper products, completed the acquisition of the remaining 92.3% stake in Vinda, a hygiene company, for $3.3bn. "This is a very attractive offer for Essity and for our shareholders. We maintain a presence in Asia and in Vinda through continued licensing of Essity's brands, with sustainability requirements for sourcing, production and collaboration in innovation and marketing. After completion of the bid, we will also reduce Consumer Tissue's share of Essity's total sales and enable increased focus on investments and growth in Essity's brands and higher yielding categories," Magnus Groth, Essity President and CEO.