# Hivest Capital Partners acquires Sustana from Blackstone

Hivest Capital Partners acquired Wisconsin-based Sustana from Blackstone's Tactical Opportunities platform. Sustana produces fiber packaging products with multiple mills and recovery facilities in the U.S. and Canada.

- Type: Acquisition
- Announced: 2026-10-01
- Where: Wisconsin, United States
- Status: completed
- Products: fiber packaging products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (investor)
- [Hivest Capital Partners](https://endata.com/companies/15052.md) (acquirer)
- [Sustana](https://endata.com/companies/15053.md) (target)

## Sources

- [stonepapers.net](https://www.stonepapers.net/en/blog/intelligence/packaging-dealmaking-october-2026-20261102-155458), 2026-11-02: "Hivest Capital Partners, a private equity firm, acquired Wisconsin-based Sustana from Blackstone’s Tactical Opportunities platform."
- [packagingdive.com](https://www.packagingdive.com/news/packaging-acquisitions-october-2026/873370/), 2026-11-02: "Hivest Capital Partners, a private equity firm, acquired Wisconsin-based Sustana from Blackstone’s Tactical Opportunities platform."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.