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Brazil’s Suzano to buy controlling stake in Facepa paper factory

Dec. 9, 2017 – Brazil’s Suzano Papel e Celulos has closed a deal to acquire a majority stake in Amazonian paper factory Facepa for 310 million reais (roughly US$95 million).

Suzano said it has agreed to buy 92.84 per cent of total shares and 99.99 per cent of common shares in the company, which manufactures paper towels, napkins, diapers and tissue in factories in Belem and Fortaleza with total capacity of 50,000 tonnes per year.

The price is subject to adjustments, Suzano said in the filing.