Sustana Combines with Toronto-Based Paper Recovery Company Hanna Paper

Headquartered in Toronto, Canada, Hanna processes 300,000 tons of paper annually through its eight recovery facilities across North America.

Aug. 1, 2023 - Sustana today announced that it has completed a transaction with Hanna Paper, one of the largest high-grade paper recycling companies in North America.

Terms of the deal were not disclosed.

Headquartered in Toronto, Canada, Hanna processes 300,000 tons of paper annually through its eight recovery facilities across North America. The company employs approximately 200 employees and services over 1,000 customers.

"Today marks an exciting milestone for Sustana and the long-term stability of our supply chain," said Fabian de Armas, CEO of Sustana. "We are steadfast in our commitment to sustainability, and we are thrilled to welcome Hanna, a long-time leader in our industry, to the Sustana family. We look forward to growing together with Hanna and its team as we continue to deliver on our vision of a circular economy."

Michael Knox, President of Hanna added, "Partnering with Sustana is an exciting step in the continued growth of Hanna. Together, we will continue to offer expanded sustainability solutions to current and new customers and be part of a unique and growing platform."

With strategic acquisitions and investments, Sustana is committed to continuously investing in the stability of its supply chain and contributing to a strong future for the sustainable pulp and paper solutions industry in North America.

Sustana provides innovative and sustainable recycled fiber and paper solutions for customers throughout North America.

SOURCE: Sustana