top of page

B&C Group and Suzano enter into long term partnership at Lenzing

Print Solutions


Suzano SA is to acquire a 15% stake in Lenzing AG from B&C Group and the two shareholders will form a long term syndicate which will hold the majority stake (52.25%) in the company. Subject to the closing of the transaction, B&C will hold a 37.25% stake in Lenzing and keep the role as controlling member of the new syndicate, with Suzano holding the minority stake of 15%. 

 

As part of the long term partnership, Suzano has the option to acquire an additional 15% stake in the company from B&C until the end of 2028. The agreement also stipulates that B&C will remain a committed long term shareholder in the company. 

 

Moving forward, the companies plan to support Lenzing’s further development by focusing on driving revenue growth, improving profitability and expanding the company’s international competitiveness. 

 

Walter Schalka, CEO of Suzano, said: ‘Lenzing is already a leading global supplier of premium cellulosic fibres for the textile and non wovens industry and we recognise opportunities exist for further growth with its established technology, product range and technical knowledge. Our deep rooted understanding of pulp production and cost excellence makes Suzano, alongside B&C, an ideal partner for Lenzing as it seeks strengthening its competitive position and global presence. For us, this represents a continuation of our strategy focused on investments which enlarge our addressable market in scalable and competitive business models and move us closer to the end consumer.’

 

The transaction is subject to approval by the relevant regulatory authorities.

 

Comentarios


Featured Posts
Recent Posts
Archive
bottom of page