Suzano completed the acquisition of two US industrial facilities from Pactiv Evergreen for $110m.

Suzano, a pulp producer, completed the acquisition of two US industrial facilities from Pactiv Evergreen, a manufacturer and distributor of food packaging and foodservice products, for $110m. “This acquisition is in line with our strategy. We are entering the North American market as a competitive producer of paperboard, taking on quality assets that are strategically well-located from an operational and logistical perspective, and opening new opportunities for growth. As a business with 100 years of history behind us, we see this deal as an investment into our future and we look forward to building a long-lasting and positive relationship with the teams at Pine Bluff and Waynesville, as well as the local communities around both facilities,” Fabio Almeida, Suzano Executive Vice President of Paper and Packaging.