Today we are more than happy to welcome Austrian Lenzing Group as a new shareholder, to accelerate development of the next-generation cellulose fiber for textile and nonwoven applications. The deal has now secured merger control approvals from relevant authorities.
The shareholders of TreeToTextile are now H&M Group, Inter IKEA Group, Lenzing Group, Stora Enso and LSCS Invest. Together, we drive systemic change by scaling our unique, renewable, resource-efficient cotton-like fiber and shaping the demands of global markets. A versatile new fiber for a resilient planet.
