Lenzing Group is acquiring a controlling majority in Sweden’s TreeToTextile AB via new share issuance, strengthening its leadership in sustainable wood-based specialty fibres.
The deal adds a scalable, patent-protected cellulosic fibre technology, boosts innovation and premiumisation strategy, and accelerates industrial scale-up in Sweden with support from existing minority shareholders.
The deal adds a scalable, patent-protected cellulosic fibre technology, boosts innovation and premiumisation strategy, and accelerates industrial scale-up in Sweden with support from existing minority shareholders.
