Change in Possession: Blackstone Acquired Recycled Fiber Manufacturer Sustana

In December last year, international asset manager Blackstone has announced that funds managed by its Blackstone Tactical Opportunities business have acquired Sustana Group, an American leading manufacturer of sustainable recycled fiber, paper and packaging products, from an affiliate of H.I.G. Capital.

Headquartered in De Pere (Wisconsin, USA), Sustana uses post-consumer materials and the high standards for environmental sustainability to produce a comprehensive suite of recycled fiber, paper and packaging solutions for customers throughout North America. It would assist a diversified customer base through four facilities, “all of which have leading energy efficiency, water conservation systems, wastewater treatment technology and recycling of process by-products,” Blackstone gave account.

(Published in GLOBAL RECYCLING Magazine 1/2022, Page 22)