Brazil-based pulp producer Suzano S/A has signed a long-term partnership with B&C Group —the main shareholder of Austria-based Lenzing Group — to take over a 15-percent stake in Lenzing from B&C Group.
“Lenzing and Suzano are two companies that have come to know and appreciate each other in recent years as relevant players on the international pulp market,”said Stephan Sielaff, CEO, Lenzing Group.“Based on the core competencies in the area of pulp production and operational excellence, Suzano can make a valuable contribution to the successful implementation of our strategy.
For us, the constellation of the two strong core shareholders B&C Group and Suzano S/A is definitely a win.”
2024 Quarterly Volume III
