Suzano, the company resulting from the merger of Suzano Pulp & Paper and Fibria, starts operating. The merger, which was announced in March 2018, was submitted for approval to all Brazilian and international regulatory agencies. The last phase of the transaction was concluded today, when Suzano Pulp & Paper paid R$ 27.8 billion to Fibria’s shareholders, who in turn became shareholders in Suzano, the company’s new trade name.

The company will have annual production capacity of 11 million tons of market pulp and 1.4 million tons of paper. Suzano’s competitiveness can be measured by its global footprint, with sales to over 80 countries, as well as by the scale of its operations, with 11 plants in Brazil and approximately 37,000 direct and indirect employees.

In this process to integrate the two companies, it is fundamental that the new company combine the best operating practices with motivated people who transform, create and share value and that it also engage all other stakeholders, including employees, clients and shareholders.

The merger’s latest step was concluded today, which is the result of a strategic effort made over the course of 2018. The agreement was approved by the antitrust authorities in the United States, China, Turkey, Europe and Brazil.

 

Source: lesprom.com

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