PaperAge Magazine

Suzano Buys Majority Stake in Brazilian Tissue Maker FACEPA

FACEPA - tissue paper mill FACEPA produces and markets a wide range of paper products including paper towels, napkins, diapers, toilet paper and tissues under various brands, with a strong presence in the Northern and Northeastern regions of Brazil.

Dec. 4, 2017 - Suzano Papel e Celulose S.A. announced that it has entered into a Purchase Agreement for the direct and indirect acquisition of approximately 92.84% of the total capital and 99.99% of the common stock of FACEPA (Fábrica de Papel da Amazônia S.A.). The total consideration to be paid for the shares acquired is R$ 310 million, subject to adjustments.

FACEPA produces and markets a wide range of paper products including, but not limited to, paper towels, napkins, diapers, toilet paper and tissues under various brands, with a strong presence in the Northern and Northeastern regions of Brazil. FACEPA has plants located in the cities of Belém in Pará and Fortaleza in Ceará, with installed capacity of around 50,000 tons/year.

Suzano said the acquisition is in line with its goals of expanding its operations in pulp adjacent markets and will strengthen its consumer goods business unit in the tissue segment.

The deal is subject to approval from Brazil's antitrust authorities.

SOURCE: Suzano Pulp and Paper