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Essity Acquires Advanced Wound Care Firm in US.

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Vincent

MANews-(C)2009-2022

Swedish hygiene and health company Essity has acquired US-based wound care firm Hydrofera, the company said.

The company offers technology and products within advanced wound care.

The purchase price amounts to USD 116m (approximately SEK 1.1bn) with a potential additional earnout amount of USD 15m (approximately SEK 137m) on a cash and debt free basis.

The acquisition supports Essity's strategic priority to grow through acquisitions in Medical Solutions.

The US company Hydrofera was founded in 1996 and is a developer of Hydrofera Blue Antibacterial Wound Dressings, an advanced line of wound care products designed to shorten healing times, lower treatment costs, and deliver better patient outcomes.

The company, which has about 90 employees, has its head office in Manchester, Connecticut and is present in more than 15 countries.

For the first nine months of 2021, Hydrofera reported net sales of 20.7m (SEK 176m) with an EBITDA of USD 5.9m (SEK 50m), an EBITA of USD 5.6m (SEK 48m), equivalent to an EBITA margin of 27.2%.

Sales growth for the first nine months of 2021 amounted to 22%.

In 2020, the company reported net sales of approximately USD 23.5m (SEK 216m), with an EBITDA of USD 4.6m (SEK 42m) and EBITA of USD 4.3m (SEK 39m), equivalent to an EBITA...

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