January 5, 2022 By P&PC Staff
Blackstone Tactical Opportunities announced in December 2021 that it has acquired the Sustana Group. The Sustana Group manufactures premium, sustainable recycled fibre, paper and packaging products.
Sustana uses post-consumer materials and the high standards for environmental sustainability to produce a comprehensive suite of recycled fibre, paper and packaging solutions that are supplied across North America. It serves a wide customer base through facilities located in both Canada and the U.S. The company’s facilities feature energy-efficient systems, water conservation systems, wastewater treatment technology and recycling of process by-products.
“The increasing focus on environmental sustainability by businesses and consumers alike is one of Blackstone’s highest conviction investment themes – and we are proud to back Sustana, a fast-growing leader in this sector. We look forward to partnering with the company and its management team to continue accelerating their further expansion as they deliver leading sustainability products and solutions to their customers,” said Andrea Serra, a managing director at Blackstone.
“Blackstone’s investment is a strong endorsement of our company and our highly talented team, and launches an exciting new chapter for Sustana. Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone,” said Fabian De Armas, CEO and chairman of Sustana.
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