Suzano Closes Industrial Asset Buyout Deal With Pactiv Evergreen

Group 1: Acquisition Details - Suzano S.A. has completed the acquisition of two industrial assets from Pactiv Evergreen in Arkansas and North Carolina, enhancing its operations in North America and entering the consumer and food service packaging segments [1][2] - The deal involves the purchase of mills in Pine Bluff and Waynesville, increasing Suzano's production capacity by approximately 420,000 metric tons of integrated paperboard annually [2] - The acquisition is valued at $110 million and is not expected to significantly impact Suzano's debt levels [3] Group 2: Strategic Advantages - The acquired assets provide strategic benefits due to the region's high availability and competitive pricing for wood and energy, along with convenient access to transportation infrastructure [2] - This acquisition positions Suzano as a leading supplier of Liquid Packaging Board papers in North America, aligning with the growing global demand for paper-based packaging [4] Group 3: Financial Performance - In Q2 2024, Suzano reported net sales of $2.2 billion, an increase from $1.8 billion in the same quarter of the previous year [5] - The company reported an adjusted loss of 56 cents per share in the latest quarter, compared to earnings of 79 cents per share in the prior-year quarter [5] Group 4: Market Performance - Suzano's share price has decreased by 3.5% over the past year, contrasting with a 32% growth in the industry [6]