Suzano acquires rural lands eyeing expansion

SAO PAULO, Feb. 6, 2018 (PPI Latin America) -Brazilian pulp and paper producer Suzano on Feb. 5 stated that it acquired 9,500 ha of rural areas in the state of São Paulo belonging to panel producer Duratex, in a deal estimated at Real 308.1 million ($95.2 million).

According to the company, the agreement also involves the option of an additional purchase of approximately 20,000 ha to be done through July 2, for a further Real 749.4 million.

"The acquisition will enable us to shorten the average supply radius of our Limeira unit in São Paulo, while also potentially enabling us to expand ...

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