Suzano completed the acquisition of a 15% stake in Lenzing from B&C Group for €230m.

Suzano, a Brazilian pulp producer, completed the acquisition of 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’s unparalleled track record of innovation and best-in-class technology make it a global leader in developing sustainable solutions from wood. With this transaction, we intend to build our expertise in the textile market and identify how we can help strengthen the company’s competitive position,” Beto Abreu, Suzano CEO.