Brazilian Pulp Giant Suzano Enters Partnership with Lenzing Group in Share Acquisition

razilian Pulp Giant Suzano Enters Partnership with Lenzing Group in Share Acquisition

(IN BRIEF) The Lenzing Group announces a significant partnership as its main shareholder, B&C Group, and Brazilian pulp producer Suzano S/A sign a long-term agreement regarding Lenzing’s majority stake. Suzano will acquire a 15 percent stake from B&C Group, marking a strategic move for both companies to enhance their positions in the global market.

(PRESS RELEASE) LENZING, 12-Jun-2024 — /EuropaWire/ — In a significant development for the Lenzing Group, it has been announced today that Lenzing’s primary shareholder, B&C Group, and the renowned Brazilian pulp producer Suzano S/A have entered a long-term partnership concerning the majority stake in Lenzing. Under this agreement, Suzano S/A will acquire a 15 percent stake in Lenzing AG from B&C Group. Suzano, headquartered in Sao Paulo, holds the distinction of being the world’s largest pulp producer, with annual sales surpassing EUR 7 billion.

The proposed transaction has been met with enthusiasm from Lenzing’s management, who eagerly anticipate collaborating with another key shareholder.

Stephan Sielaff, Chief Executive Officer of the Lenzing Group, expressed his satisfaction with the partnership: “Lenzing and Suzano are two companies that have developed a mutual appreciation for each other’s strengths in the international pulp market. With Suzano’s expertise in pulp production and operational excellence, we anticipate a valuable contribution to the realization of our strategic objectives. The partnership between B&C Group and Suzano S/A represents a significant win for us.”

This move underscores the commitment of both Lenzing and Suzano to advancing their positions in the global market, leveraging their respective strengths to drive growth and innovation in the industry.

About the Lenzing Group
The Lenzing Group stands for eco-responsible production of specialty fibers based on cellulose and recycled material. As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments. The Lenzing Group’s high-quality fibers form the basis for a variety of textile applications ranging from functional, comfortable and fashionable clothing to durable and sustainable home textiles. Due to their special properties and their botanical origin, the TÜV certified biodegradable an compostable Lenzing fibers are also highly suitable for everyday hygiene products.

The business model of the Lenzing Group goes far beyond that of a traditional fiber producer. Together with its customers and partners, Lenzing develops innovative products along the value chain, creating added value for consumers. The Lenzing Group strives for the efficient utilization and processing of all raw materials and offers solutions to help transform the textile industry from the current linear
economic system towards a circular economy. In order to reduce the speed of global warming and thus also support the targets of the Paris Agreement and the EU Commission’s “Green Deal”, Lenzing has developed a clear science-based climate action plan that aims to significantly reduce greenhouse gas emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050.

Key Facts & Figures Lenzing Group 2023
Revenue: EUR 2.52 bn
Nominal capacity: 1,110,000 tonnes
Employees (FTE): 7,917
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are trademarks of Lenzing AG

Media Contact:

Dominic Köfner
Vice President Corporate Communications & Public Affairs
Lenzing Aktiengesellschaft
Werkstraße 2, 4860 Lenzing, Austria
Phone +43 7672 701 2743
E-mail media@lenzing.com
Web www.lenzing.com

SOURCE: LENZING AG