14 Jun 2024 --- Suzano is acquiring a 15% stake in Austrian wood-based materials producer Lenzing for €230 million (US$248 million). The announcement raises further questions over Suzano’s rumored bid to buy International Paper (IP), which, in turn, is in the process of acquiring DS Smith. Lenzing is a leading supplier of regenerated cellulose fibers for the textile and nonwoven industries. The company’s main shareholder, B&C Group, announced the long-term partnership on Wednesday.
