# Bast Fibre Technologies acquires Lumberton Cellulose from Georgia-Pacific

Bast Fibre Technologies (BFT) completed its purchase of Georgia-Pacific's Lumberton Cellulose LLC in Lumberton, North Carolina. The facility will operate as BFT Lumberton and serve cosmetic cotton, filtration, hygiene and nonwovens segments.

- Type: Acquisition
- Announced: 2022-01-01
- Where: Lumberton, North Carolina, United States
- Jobs: 25
- Status: completed
- Products: cosmetic cotton, natural fibers for nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Georgia-Pacific](https://endata.com/companies/1870.md) (target)
- [Bast Fibre Technologies](https://endata.com/companies/41826.md) (acquirer)
- [Georgia-Pacific Cellulose](https://endata.com/companies/60256.md) (partner)
- [Georgia-Pacific Cellulose](https://endata.com/companies/60256.md) (target)
- [Lumberton Cellulose](https://endata.com/companies/60257.md) (target)
- [Merida Capital Holdings](https://endata.com/companies/60463.md) (investor)

## Sources

- [news.gp.com](https://news.gp.com/2022/01/bast-fibre-technologies-to-acquire-north-carolina-based-lumberton-cellulose-llc-from-georgia-pacific), 2022-01-01: "BFT’s plans to grow and invest in the operation as their flagship U.S. manufacturing site made it clear that the sale would provide the greatest opportunity for growth."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/bast-fibre-to-buy-g-ps-lumberton-site/), 2022-01-11: "Acquiring this state-of-the-art natural fibre processing facility and integrating the great team at Lumberton enables BFT to immediately establish North American manufacturing operations."
- [textileworld.com](https://www.textileworld.com/textile-world/fiber-world/2022/01/bast-fibre-technologies-to-acquire-north-carolina-based-lumberton-cellulose-from-georgia-pacific/), 2022-01-11: "Acquiring this state-of-the-art natural fibre processing facility and integrating the great team at Lumberton enables BFT to immediately establish North American manufacturing operations to meet the rapidly growing demand for our sustainable natural fibers."
- [prnewswire.com](https://www.prnewswire.com/news-releases/bast-fibre-technologies-to-acquire-north-carolina-based-lumberton-cellulose-llc-from-georgia-pacific-301458019.html), 2022-01-11: "Acquiring this state-of-the-art natural fibre processing facility and integrating the great team at Lumberton enables BFT to immediately establish North American manufacturing operations to meet the rapidly growing demand for our sustainable natural fibres."
- [canadianmanufacturing.com](https://www.canadianmanufacturing.com/manufacturing/bast-fibre-technologies-to-acquire-lumberton-cellulose-llc-277562/), 2022-01-11: "Acquiring this state-of-the-art natural fibre processing facility and integrating the great team at Lumberton enables BFT to immediately establish North American manufacturing operations."
- [specialtyfabricsreview.com](https://specialtyfabricsreview.com/2022/01/11/bast-fibre-technologies-to-acquire-north-carolina-based-lumberton-cellulose-llc-from-georgia-pacific/), 2022-01-11: "Bast Fibre Technologies Inc. (BFT) ... announced today that it has entered into a definitive agreement to acquire Lumberton Cellulose LLC."
- [fr.fashionnetwork.com](https://fr.fashionnetwork.com/news/Lin-et-chanvre-bast-fibre-technologies-rachete-lumberton-cellulose,1367364.html), 2022-01-12: "L'acquisition de cette installation à la pointe de la technologie et l'intégration de l'excellente équipe de Lumberton permettent à BFT d'établir immédiatement des opérations de fabrication en Amérique du Nord pour répondre à la demande en croissance de nos fibres naturelles durables."
- [einpresswire.com](https://www.einpresswire.com/article/561032108/merida-capital-holdings-portfolio-company-bast-fibre-technologies-bft-merges-with-lumberton-cellulose), 2022-01-19: "We believe the BFT management team has an unrivaled level of experience in both the natural fibre and nonwoven fabric markets."

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