Suzano acquired two mills, boosting North American operations and liquid packaging capacity. Deal valued at $110 million, enhancing Suzano's competitive position and efficiency. Suzano's Q2 2024 net sales increased to $2.2 billion, but shares lagged the industry.
Suzano acquired 15% stake in Lenzing, enhancing market presence. Partnership allows Suzano to aim for another 15% stake by 2028. Q2 2024 net sales rose to $2.2 billion, despite adjusted losses. Suzano's shares down 3.7% in the past year; industry up 32.7%. Zacks rank for SUZ is #3 (Hold), indicating cautious market sentiment.