Lenzing completed the acquisition of a minority share in TreeToTextile.

Lenzing, a supplier of regenerated cellulose fibers for the textile and nonwovens industries, completed the acquisition of a minority share in TreeToTextile, a Swedish company that manufactures textile fibers in an environmentally friendly manner using wood fiber. "We are excited about TreeToTextile's award-winning technology and production process, which further reduces environmental impact, promotes the transition to a more sustainable future and is fully in line with our corporate strategy. This partnership is a significant investment and a sign of Lenzing's relentless commitment to innovation by combining the power of its own innovation engine with a strong strategic cooperation approach. We look forward to contributing our expertise to TreeToTextile's mission, he concludes," Rohit Aggarwal, Lenzing Group CEO.