Suzano, a Brazilian pulp producer, agreed to acquire a 15% stake in Lenzing, a supplier of regenerated cellulose fibers for the textile and nonwovens industries, from B&C Group, an investment company, for €230m. “Lenzing and Suzano are two companies that have come to know and appreciate each other in recent years as relevant players on the international pulp market. Based on the core competencies in the area of pulp production and operational excellence, Suzano can make a valuable contribution to the successful implementation of our strategy. For us, the constellation of the two strong core shareholders B&C Group and Suzano S/A is definitely a win,” Stephan Sielaff, Lenzing CEO.