Essity AB (Sweden) → Modibodi Pty Ltd
completedDeal announced2022-07-07
BuyerEssity AB (Sweden)
SellerModibodi Pty Ltd
SectorApparel (Leakproof/Period Underwear)
ValueA$141.0M
Deal typeM&A
Swedish hygiene products group Essity agreed to acquire Australian leakproof apparel company Modibodi for A$141 million (cash and debt free basis), consolidated into Essity's accounts from 1 August 2022.
Why the buyer wanted it
Essity wanted to enter the fast-growing leakproof/period apparel category via an established brand with A$56.7m in 2021 net sales and operations across Australia, New Zealand and the UK.
Why the seller agreed
Not publicly disclosed.
Stock reaction
Not applicable — Modibodi is privately held.
Deal mechanics
Deal structure
All-cash, cash-and-debt-free basis