Suzano Expands into U.S. Market with $110 Million Mill Acquisition

Suzano has expanded its U.S. presence, purchasing two paperboard mills from Pactiv Evergreen for $110 million. Previously, the company diversified by acquiring a 15% stake in Lenzing and shifted focus from International Paper. This acquisition, financed through cash and occurring during a leverage peak of 3.5 times in Q1, does not burden Suzano’s finances further. […]