Spinnova signed binding deals to acquire all shares of Woodspin Oy and Suzano Finland Oy from Suzano S.A. for €2 (~$2.33), gaining full control of Spinnova fibre operations.
Suzano will contribute €5 million before exiting.
The joint venture ends, giving Spinnova licensing freedom.
Woodspin remains suspended, but Spinnova now owns the only large demo facility producing fibre from pulp to bale.Spinnova signed binding deals to acquire all shares of Woodspin Oy and Suzano Finland Oy from Suzano S.A. for €2 (~$2.33), gaining full control of Spinnova fibre operations.
Suzano will contribute €5 million before exiting.
The joint venture ends, giving Spinnova licensing freedom.
Woodspin remains suspended, but Spinnova now owns the only large demo facility producing fibre from pulp to bale.
Spinnova acquires Woodspin, Suzano Finland in full takeover
