Suzano Completes the Acquisition of Two U.S. Industrial Facilities from Pactiv Evergreen
Suzano, the world's largest pulp producer, today completes the acquisition of two industrial assets from Pactiv Evergreen in Arkansas and North Carolina, United States. All conditions for completing the agreement announced in July have been fulfilled.
The acquisition of the mills in Pine Bluff and Waynesville, that manufacture liquid packaging board and cupstock, adds approximately 420,000 metric tonnes annually of integrated paperboard to Suzano’s production capacity. The Brazilian company will now become a major supplier of papers used to produce Liquid Packaging Board in North America.
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 Pine Bluff and Waynesville."
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 North America under a long-term commercial agreement.
The transaction is valued at US$110 million, subject to customary price adjustments, and does not materially impact Suzano’s financial leverage or debt levels.
Suzano is currently the largest supplier of hardwood market pulp in North America. In addition to the mills acquired in Arkansas and North Carolina, the company has an office in Fort Lauderdale, Florida, and a research and innovation campus close to Vancouver, Canada.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241001061743/en/
Contacts
Hawthorn Advisors
suzano@hawthornadvisors.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
www.businesswire.com
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
CRH Develops Wind Farm to Power Cement Plant in Romania1.11.2024 17:15:00 EET | Press release
CRH (NYSE: CRH), the leading provider of building materials solutions, has developed a new wind farm to provide renewable electricity to its Medgidia Cement Plant in Romania. The wind farm is the first of its kind in the country to exclusively power a cement plant. It will meet a significant proportion of the Medgidia Plant’s annual energy requirements, helping to lower the carbon footprint of the products it produces, while also contributing to Romania’s clean energy transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101943296/en/ (Photo: Business Wire) Eunice Heath, Chief Sustainability Officer, CRH, said: “This is a significant clean energy project for CRH and is one of the many ways we are helping to create a more resilient and sustainable built environment. Building a wind farm to power one of our cement plants demonstrates our commitment to decarbonizing and providing lower carbon building materials solution
Adtran and Sonic Fiber Internet partner to deliver 50G PON connectivity across California1.11.2024 15:00:00 EET | Press release
Adtran today announced its strategic collaboration with Sonic Fiber Internet to bring 50Gbit/s passive optical network (50G PON) connectivity to California. The partnership is a proactive step to ensure Sonic continues to deliver ultra-fast broadband services that meet the growing demand for higher capacity and faster speeds across the US. By leveraging Adtran’s 50G PON technology, Sonic aims to lead the industry in connectivity standards for both residential and business customers, enabling a range of applications from smart home integration and advanced entertainment streaming to frictionless remote work and high-speed business connectivity. The technology coexists with GPON and XGS-PON, providing a seamless and cost-efficient upgrade path with no service disruption, while future-proofing the network and ensuring scalability for evolving digital needs. It also supports Combo PON setups, integrating multiple generations of fiber technology to fully maximize deployment flexibility. Thi
MyGuava and Crystal Palace Launch Exciting Fan Payment Cards and Rewards1.11.2024 14:37:00 EET | Press release
MyGuava in association with Crystal Palace Football Club is thrilled to launch exclusive Crystal Palace Fan Cards with rewards and a variety of perks as well as a unique opportunity for fans to celebrate their connection to the club while enjoying MyGuava’s seamless payment solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101068560/en/ MyGuava and Crystal Palace Launch Exciting Fan Payment Cards and Rewards (Photo: Business Wire) Palace fans can now download the MyGuava App and order a Crystal Palace Card, choosing from three custom-designed cards: ‘Palace Gold’, ‘Palace Sash’ and ‘Selhurst 100’. Each card comes packed with perks, including entry into exclusive prize draws, cashback on all purchases, giving Palace fans an opportunity to take advantage of the 7% cashback offer ahead of the festive period. Additionally, the cards come with Visa Platinum status for added financial flexibility. Furthermore, for the m
NielsenIQ (NIQ) appoints Steen Lomholt-Thomsen as Chief Commercial Officer1.11.2024 14:00:00 EET | Press release
NIQ, the world’s leading consumer intelligence company, announced the appointment of Steen Lomholt-Thomsen as its new Chief Commercial Officer, effective November 1, 2024. Steen will drive client strategy and enhance global growth as NielsenIQ expands its capabilities to deliver mission-critical insights into the most holistic view of consumer shopping behavior. NIQ’s AI capabilities, together with its core data assets and unmatched global footprint, are uniquely positioned to give clients the Full View™: a holistic view of shopper behavior. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101505660/en/ Steen Lomholt-Thomsen NIQ Chief Commercial Officer (Photo: Business Wire) Steen brings extensive experience leading revenue growth and operational excellence in complex global organizations, including BullWall, Clarivate, and Aveva, and has held leadership roles in companies including IBM, HP, and IHS (now S&P Global). He br
Rampur Distillery Lights Up Diwali in Times Square New York City1.11.2024 12:30:00 EET | Press release
Rampur Distillery celebrates Diwali 2024 with a striking display at Times Square, New York City. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241030298390/en/ This #Diwali, we lit up Times Square with Rampur Indian Single Malt Asava - Best World Whisky! (Photo: Business Wire) "Happy Diwali from all of us at Rampur Distillery! This festival symbolizes light, unity, and new beginnings. As we celebrate, we're proud to showcase our award-winning Rampur Indian Single Malt Whisky and introduce our Jugalbandi collection series, featuring Jugalbandi #5 and #6 expressions, set to launch in the United States in 2025. Times Square reflects our rich heritage and commitment to expanding our global presence. Together, let’s embrace the spirit of Diwali and look forward to a prosperous year ahead!" - Mr. Sanjeev Banga, President of International Business at Radico Khaitan. In 2016, Rampur Distillery made a significant entry into the glob
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom