Suzano S.A. Expands into North American Market

Suzano Papel e Celulose SA (SUZ) has released an update.

Suzano S.A. has successfully finalized the acquisition of integrated plants for paperboard production in the US from Pactiv Evergreen Inc., with an annual capacity of 420,000 metric tons, for $110 million. This strategic move allows Suzano to enter the North American market, with advantages including cost-effective assets, a prime location for operations, and a new significant customer in Pactiv. The transaction is expected to enhance Suzano’s competitiveness without materially impacting its financial leverage.

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