AHY asaleo care limited
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News: AHY Asaleo Care To Cease New Zealand Diaper Business

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    25/06/20
    11:30
    Post #: 45442644

    June 25 (Reuters) - Asaleo Care Ltd (AHY) :

    • ANNOUNCES CESSATION OF ITS NEW ZEALAND DIAPER BUSINESS
    • PLANS TO WITHDRAW FROM BABY DIAPER CATEGORY IN NEW ZEALAND, WHICH INVOLVES CLOSURE OF TE RAPA MANUFACTURING FACILITY
    • FULL YEAR GUIDANCE OF UNDERLYING EBITDA IN RANGE OF $84M - $87M REMAINS UNCHANGED
    • ALL 26 AFFECTED EMPLOYEES TO GET FULL ENTITLEMENTS INCLUDING SEVERANCE BENEFITS, SUPPORT ARRANGEMENTS
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