Svenska Cellulosa AB was founded in Sweden by Ivar Kreuger in 1929. A series of mergers and acquisitions followed in the wake of Kreuger’s 1932 bankruptcy, leading to the 1975 purchase of Molnlycke Health Care, which diversified the company’s holdings from forest and logging to disposable paper hygiene products. Currently, the Sundsvall headquarters oversees nearly 4,000 employees and 2.6 million hectares of privately owned forest land, making it the largest private owner of forest in Europe[2].
The company has faced several lawsuits regarding its continued practice of clearcutting, and has also received criticism from Greenpeace and other environmental organisations for its contribution to the global warming crisis.
