# Lenzing Group to acquire remaining 30% of Lenzing (Nanjing) Fibers

The Lenzing Group intends to acquire the remaining 30% of its Chinese subsidiary Lenzing (Nanjing) Fibers from state-owned joint venture partner NCFC. The closing of the transaction documents is expected for the end of October 2018.

- Type: Acquisition
- Announced: 2018-10-24
- Where: Nanjing, China
- Status: announced
- Products: cellulose fibres, specialty fibres
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Lenzing AG](https://endata.com/companies/20683.md) (acquirer)
- [Lenzing (Nanjing) Fibers](https://endata.com/companies/35079.md) (target)
- [NCFC](https://endata.com/companies/35080.md) (partner)

## Sources

- [innovationintextiles.com](https://innovationintextiles.com/lenzing-plans-to-acquire-its-chinese-operation/), 2018-10-24: "The purchase of the shares supports Lenzing's strategic growth as a producer of specialty fibres from the renewable raw material wood in China and worldwide."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/lenzing-to-acquire-remaining-shares-of-its-chinese-operation/), 2018-10-24: "The Lenzing Group intends to acquire the remaining 30% of its Chinese subsidiary Lenzing (Nanjing) Fibers Co. Ltd. (LNF) from its state-owned joint venture partner NCFC."

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