The Lenzing Group, a global leader in sustainable cellulose fiber production, has acquired a minority stake in TreeToTextile AB, joining existing stakeholders H&M Group, Inter Ikea Group, Stora Enso, and LSCS Invest. This partnership is centered on advancing the production of sustainable fibers to drive positive change in the textile industry.
Lenzing has been a leader in sustainable fiber production for more than 85 years, with its fibers marketed under the Tencel, LenzingEcovero, and Veocel brands. CEO Rohit Aggarwal emphasized that TreeToTextile’s technology complements Lenzing’s efforts to lower the environmental impact of fiber production, reinforcing the company’s commitment to innovation and sustainability.
TreeToTextile, established in 2014, focuses on developing eco-friendly processes for cellulosic fiber production. CEO Roxana Barbieru emphasized that Lenzing’s involvement will accelerate their market reach and enhance their sustainability efforts.
The deal, subject to regulatory approval, is expected to close by the first half of 2025.
