LAKE FOREST, Ill., July 12, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) ("Pactiv Evergreen" or the "Company") today announced that it has signed a definitive agreement (the "Agreement") to sell its Pine Bluff, Arkansas, paper mill ("Pine Bluff") and Waynesville, North Carolina, extrusion facility ("Waynesville"), to global paper and pulp producer Suzano S.A. ("Suzano") for $110 million in cash (the "Transaction"), subject to customary adjustments for closing amounts such as working capital ...

In a filing dated May 22, Suzano confirmed its interest in International Paper's assets but stated that no final decision had been made at that time regarding the deal. In its recent filing, Suzano confirmed that it has reached what it considers to be the maximum offer price for the transaction to generate value. In the absence of any interest from International Paper and alignment with its commitment to maintaining capital discipline, Suzano stated that it will no longer engage in any takeover talks with I ...

Brazilian pulp and paper firm Suzano announced that it has ended efforts to purchase International Paper. Suzano's CFO said the firm made the maximum offer it could, "without engagement" from International Paper, and chose to end the talks. The news sent shares of International Paper lower. Suzano Chief Financial Officer (CFO) Marcelo Feriozzi Bacci blamed the breakdown on International Paper. He wrote in a regulatory filing that his firm "has reached what it believes to be the maximum price for the transac ...

The deal was set at 230 million euros ($249 million). Suzano and B&C will form a long-term syndicate to hold a 52.25% stake in the Vienna-based cellulosic fibers supplier company. B&C will hold the majority of the stake (37.25%) and remain the controlling member of the new syndicate. Lenzing is a global supplier of premium cellulosic fibers for the textile and non-woven industry. This deal will further strengthen Lenzing's position as a global market leader for sustainable cellulosic fibers. SUZ aims to boo ...

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Over the past couple of trading days, the broader U.S. equity markets swayed wildly, registering the worst day of 2024 to recovering sharply to record-high tallies on the following day. The markets seemed to backtrack as the minutes of the Federal Reserve's May policy meeting reignited fears that the central bank might not cut interest rates in the near future. The minutes revealed that several Fed officials are of the view that although inflation has eased over the past year, it is yet to achieve the bench ...

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Investment Thesis - Suzano is recommended as a buy due to its position as the world's largest producer of eucalyptus short fiber pulp and its competitive advantages in Brazil's favorable climate and soil conditions [1][5]. Company Overview - Suzano has experienced strong growth through mergers and acquisitions, with an EBITDA margin exceeding 40%, significantly higher than competitors' margins around 10% [2]. - The company operates 11 industrial units across Brazil and manages 1.4 million hectares of planted forests [6][7]. - Approximately 65% of the wood used by Suzano is sourced from its own forests, with an average distance of 186 km between forests and production plants, enhancing logistical efficiency [8]. Market Position - In 2023, Brazil was the largest pulp exporter globally, exporting 22.5 million tons, and ranked third in production behind the USA and China [3]. - The cellulose segment accounts for 80% of Suzano's net revenue, while the paper segment contributes 20% [9]. Financial Performance - Suzano's market capitalization is $12.6 billion, with a trailing twelve months (TTM) revenue of $7.6 billion and a five-year revenue growth rate of 19% [12][13]. - The company has the highest EBITDA margin (43%) and net income margin (24%) among its peers, with a return on equity (ROE) of 21.9% [13][14]. - The EV/EBITDA multiple for Suzano is 7.89, which is below the peer average of 8.67, indicating a potential undervaluation [15][17]. Recent Developments - In Q1 2024, Suzano reported an EBITDA of $904.6 million, with a notable decline in cellulose volumes [21][22]. - The company is considering acquiring rival International Paper for $15 billion, which could impact its leverage and market perception [24][25]. Competitive Advantages - The shorter tree rotation time in Brazil (approximately 7 years for eucalyptus) compared to 15-20 years in the USA and Europe provides a significant cost advantage [5][29]. - Local environmental conditions contribute to high productivity in raw material production, supporting expansion potential [4].

| --- | --- | --- | --- | --- | |--------|------------------|-------|-----------|--------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | I I MINI HILL IT | | | | | | | | | | | suzano | | | | rnings | | | | | | Conference Call | | YEARS | AMMIT | | | 1Q24 | | | | | | | | | | | suz NYSE | SUZB LISTED B3 LISTED NM | Disclaimer The forward-looking statements include, without limitation, statements related to the declaration or payment of dividends, implementation of the key o ...

Suzano S.A. (NYSE:SUZ) Q1 2024 Earnings Conference Call May 10, 2024 9:00 AM ET Company Participants Walter Schalka - Chief Executive Officer Fabio Oliveira - Executive Officer, Paper and Packaging Leonardo Grimaldi - Executive Officer, Commercial Pulp and Logistics Aires Galhardo - Executive Officer, Pulp Operation Marcelo Bacci - Executive Officer, Finance and Investor Relations Beto Abreu - Coming Chief Executive Officer Conference Call Participants Daniel Sasson - Itau BBA Jonathan Brandt - HSBC Leonard ...