Suzano has confirmed the acquisition of industrial assets from Pactiv Evergreen in the U.S. This will expand the company’s operations in North America and marks its entrance into the consumer and food service packaging segments in the region.
The transaction is valued at $110m and includes two mills in Pine Bluff, AR, and Waynesville, NC, that manufacture liquid packaging board and cupstock.
Subject to final regulatory approval expected later this year, these assets will add approximately 420,000 metric tonnes annually of integrated paperboard to Suzano’s production capacity. Alongside the acquisition, Suzano has signed a long-term supply deal with Pactiv Evergreen to provide liquid packaging board for its converting business.
