Svenska Cellulosa Aktiebolaget SCA has decided to make a public cash offer for Chinese tissue company Vinda, according to media statements.

“Vinda is a strong player in the Chinese tissue market and has demonstrated healthy growth and profitability. As a majority shareholder, we would see the potential to further strengthen the company to ensure its future competitiveness,” says Jan Johansson, President and CEO of SCA.

Vinda is the third largest tissue company in China, which represents the world’s second largest tissue market.

Sweden’s SCA has offered to buy all shares it did not already own in the household consumer paper maker for HK$8.65 billion ($1.12 billion).