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# Suzano to buy 15% stake in Lenzing for €230 million
- URL: https://packaging-europe.ghost.io/suzano-to-buy-15-stake-in-lenzing-for-230-million/
- Published: 2024-06-12T11:43:00.000Z
- Updated: 2024-06-13T05:44:26.000Z
- Author: Packaging Europe staff writers
- Tags: Business, Featured Stories, Renewables, #layout-s, #type-article, #packaging-europe, #Import 2026-09-08 15:50

**Suzano, the world’s largest market pulp producer, is set to purchase a 15% stake in Lenzing, a global producer of wood-based packaging materials, for €230 million**

Suzano will acquire the stake from B&C, Lenzing’s current majority shareholder. Suzano and B&C plan to form a “long-term syndicate” holding a majority stake in the company, and under the partnership Suzano has the option to acquire a further 15% stake from B&C until 2028.

Besides producing textiles and non-wovens, Lenzing also develops fibre-based packaging materials that it describes as “naturally durable and biodegradable”. The potential end-uses for these products include tea bags, coffee pods, botanic nets, and reusable bags.

With an annual net revenue of more than €7 billion in 2023, Brazil-headquartered Suzano claims to be the world’s largest market pulp producer. Suzano, which is currently in its centennial year, isn’t a direct competitor of Lenzing and has extensive experience in pulp, a raw material, which it believes will benefit Lenzing.

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 recognize 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 that enlarge our addressable market in scalable and competitive business models and move us closer to the end-consumer.”

The partners have agreed on a long-term commitment to the existing Lenzing site which will ensure the company’s headquarters, production facilities and key R&D activities remain located in Austria. The partnership also guarantees the continued listing of Lenzing shares on the Vienna stock exchange.

This announcement comes in the wake of [rumours](https://packagingeurope.com/news/suzanos-rumoured-acquisition-plans-for-international-paper-could-threaten-ds-smith-deal/11317.article?ref=packaging-europe.ghost.io) surrounding Suzano’s potential bid for International Paper. In early May, Reuters reported that Suzano had expressed its interest in an all-cash acquisition of International Paper – a move that could disrupt International Paper’s own plans to acquire DS Smith.

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