Suzano, the world’s largest pulp producer, has finalized its purchase of a 15% stake in Lenzing AG, a leading supplier of sustainable cellulosic fibers, for EUR 230 million.
The shares were acquired from B&C Group, which now holds a 37.25% stake in Lenzing.
This strategic acquisition grants Suzano two seats on Lenzing’s Board of Directors and an option to acquire an additional 15% stake by 2028. Suzano’s CEO, Beto Abreu, emphasized the partnership's potential to strengthen their position in the textile market and drive sustainable innovation.
The deal aligns with Suzano’s goals to expand into new markets and enhance its sustainability efforts, with no significant impact on its financial leverage.
