Brazilian pulpmaker Suzano agrees $65 mln deal for Caravelas
In this article:
SAO PAULO, June 30 (Reuters) - Brazilian pulpmaker Suzano SA has agreed to acquire Caravelas Florestal SA for 336 million reais ($64.84 million) as part of efforts to reduce its raw materials costs, it said late on Wednesday.
The deal "is aligned with the company's strategy to be ‘best-in-class’ in terms of the total cost of pulp", Suzano said in a securities filing. ($1 = 5.1822 reais) (Reporting by Gabriel Araujo Editing by David Goodman)
