Suzano Papel e Celulose S.A. 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 Amazonia S.A.). The total consideration to be paid for the shares acquired is R$ 310 million, subject to adjustments.

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

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.

 

Source: lesprom.com

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