B&C Group (“B&C”) and Suzano S.A. (“Suzano”) have announced a significant partnership agreement regarding Suzano’s acquisition of a majority stake in Lenzing AG (“Lenzing”), the prominent Vienna-listed global supplier of cellulosic fibers for textiles and non-wovens.
Under the terms of the agreement, Suzano will purchase a 15 percent stake in Lenzing from B&C, forming a long-term syndicate where both parties will collectively hold a majority stake of 52.25 percent in the company. Following the transaction’s completion, B&C will retain a 37.25 percent stake and continue as the controlling member of the syndicate, with Suzano holding a minority stake of 15 percent. The acquisition price per share is set at EUR 39.70, totaling EUR 230 million to be fully paid upon closing.
As part of this partnership, Suzano has the option to acquire an additional 15 percent stake in Lenzing from B&C by the end of 2028. B&C commits to remaining a dedicated long-term shareholder in Lenzing.
Suzano, with an annual revenue exceeding EUR seven billion in 2023, stands as the world’s largest market pulp producer, headquartered in Brazil and celebrating its centennial year. The company is renowned for operational excellence and a steadfast commitment to sustainability throughout its processes, expertise that complements Lenzing’s operations. Notably, Suzano focuses on pulp production, a critical raw material for Lenzing, without direct competition.
Looking ahead, B&C and Suzano intend to support Lenzing’s growth by enhancing revenue, improving profitability, and bolstering the company’s global competitiveness.
Walter Schalka, CEO of Suzano, emphasized the strategic fit, stating, “Lenzing’s established technology, product range, and technical expertise present growth opportunities in collaboration with Suzano’s proficiency in pulp production and cost efficiency. This partnership aligns with Suzano’s strategy to expand market reach and enhance competitiveness.”
Wolfgang Hofer, Chairman of B&C Group, highlighted the mutual benefits of the partnership, stating, “This alliance creates a strong financial foundation for Lenzing with Suzano’s robust reputation and financial strength. Suzano gains access to new markets through this transaction, while reinforcing Lenzing’s leadership in sustainable cellulosic fibers.”
Aligned with B&C Private Foundation’s mission, the partnership ensures Lenzing’s headquarters, production facilities, and key R&D activities remain in Austria, underscoring commitment to the local community. Additionally, Lenzing shares will continue to be listed on the Vienna stock exchange.
The partnership between B&C and Suzano marks a strategic alignment aimed at fostering growth, innovation, and sustainability within the global textiles and non-wovens industry, leveraging complementary strengths for mutual benefit and industry leadership.
