Suzano Completes the Acquisition of Two U.S. Industrial Facilities from Pactiv Evergreen
Suzano, the world's largest pulp producer, has completed the acquisition of two industrial assets from Pactiv Evergreen in Arkansas and North Carolina, USA.
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SÃO PAULO--(BUSINESS WIRE)--
Suzano, the world's largest pulp producer, today completes the acquisition of two industrial assets from Pactiv Evergreen in
The acquisition of the mills in
Fabio Almeida, Executive Vice President of Paper and Packaging at Suzano and CEO of Suzano Packaging US, said:
"We aim to scale our operations to meet the growing global demand for paper-based packaging. Our successful track record of asset integration gives us confidence that we will be able to enhance operational efficiency, production scale, and safety standards at these units, opening up new opportunities for the employees and positively impacting the local communities of
These newly acquired assets benefit from a high availability and competitive costs of wood and energy in the region, and good access to railways, ports, and highways.
The long-term deal signed by the companies establishes that Suzano will provide liquid packaging board for Pactiv Evergreen’s converting mills in
The transaction is valued at
Suzano is currently the largest supplier of hardwood market pulp in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241001061743/en/
Hawthorn Advisors
suzano@hawthornadvisors.com
Source: Suzano