Moving forward, B&C and Suzano plan to support Lenzing’s further development by focusing on driving revenue growth, improving profitability and expanding the company’s international competitiveness. Credit: Shutterstock.

The deal sees Suzano acquire the stake from B&C which is the current majority shareholder and will result in a long-term syndicate between the two which will hold the majority stake at 52.25% of Lenzing.

Suzano has the option to acquire a further 15% stake in Lenzing from B&C until 2028 under the partnership.

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Brazil’s Suzano says with its long-standing track record of both operational excellence and commitment to sustainability at all stages of its processes, its expertise will complement Lenzing’s existing business model.

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

Lenzing is a leading global producer of sustainable wood-based speciality textile and non-woven fibres including Tencel and Lenzing and Ecovero.

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 to strengthen 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.”

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Wolfgang Hofer, chairman of B&C Group added: “We see this partnership as a win-win-win situation for each party involved. With Suzano, B&C will add a financially strong key shareholder for Lenzing with extensive experience and strong reputation on the international financial markets. Suzano as the leading global pulp producer gains proximity to new markets thanks to this transaction. For Lenzing, this transaction means a commitment of both partners to strengthen Lenzing’s position as a global market leader for sustainable cellulosic fibres.”