Suzano Pulp and Paper finalized the acquisition of Facepa (Fábrica de Papel da Amazônia S.A.), a company that operates mills in Belém, Pará and in Fortaleza, Ceará, Brazil.
Announced in December 2017 and consummated on March 1, the Facepa merger will combine its toilet paper brand Max Pure® with the product lines under brands such as Le Blanc® and Floral® of Facepa, whose sanitary paper portfolio also includes napkins and paper towels.
Combined, the annual installed capacity of the four mills is some 170,000 tons of sanitary paper.
To become one of the largest producers in this market in Brazil, Suzano invested around $283 million in building two mills and in acquiring Facepa. Suzano invested $180 million in its Mucuri and Imperatriz Units and approximately $103 million in the acquisition of Facepa. At its units, the annual production of 120,000 tons is divided between finished goods and papers sold in jumbo rolls.
Suzano Pulp and Paper is a forestry-based company and one of the largest integrated producers of pulp and paper in Latin America.