# Lenzing acquires minority stake in TreeToTextile

Lenzing Group acquired a minority share in TreeToTextile AB, joining existing shareholders H&M Group, Inter IKEA Group, Stora Enso, and LSCS Invest. TreeToTextile develops a more sustainable process for cellulosic fiber production.

- Type: Acquisition
- Announced: 2024-09-25
- Where: Sweden
- Status: announced
- Products: regenerated cellulose fibers
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Lenzing AG](https://endata.com/companies/20683.md) (acquirer)
- [TreeToTextile](https://endata.com/companies/36354.md) (target)

## Sources

- [textination.de](https://textination.de/en/news/archive?%3Bamp%3Bt=%2FKBvJy3%2F&%3Bpage=%2C2&amp%3Bamp%3Bnewstype=11773&newstype=11771&page=%2C22), 2024-09-25: "The Lenzing Group acquired of a minority share in TreeToTextile AB, joining the existing shareholders H&M Group, Inter IKEA Group, Stora Enso, and LSCS Invest."
- [mynewsdesk.com](https://www.mynewsdesk.com/treetotextile-ab/pressreleases/treetotextile-and-lenzing-join-forces-for-next-generation-cellulose-fibers-3421226), 2024-10-07: "Lenzing Group is joining with more than 85 years of experience in scaling new fiber technologies."
- [lenzing.com](https://www.lenzing.com/newsroom/news-events/lenzing-and-treetotextile-join-forces-for-next-generation-cellulose-fibers/), 2024-10-07: "Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, announces the acquisition of a minority share in TreeToTextile AB."
- [ots.at](https://www.ots.at/presseaussendung/EQS_20241007_EQS0004/eqs-news-lenzing-and-treetotextile-join-forces-for-next-generation-cellulose-fibers), 2024-10-07: "Lenzing acquires minority share in Swedish cellulosic fiber company TreeToTextile AB"
- [prnewswire.com](https://www.prnewswire.com/news-releases/treetotextile-and-lenzing-join-forces-for-next-generation-cellulose-fibers-302268650.html), 2024-10-07: "Austrian Lenzing Group invests in Swedish fiber company TreeToTextile to accelerate development of a new renewable and resource efficient cellulose fiber for textile and nonwoven applications."
- [prnewswire.com](https://www.prnewswire.com/news-releases/treetotextile-and-lenzing-join-forces-for-next-generation-cellulose-fibers-302268657.html), 2024-10-07: "Austrian Lenzing Group invests in Swedish fiber company TreeToTextile to accelerate development of a new renewable and resource efficient cellulose fiber for textile and nonwoven applications."
- [awnings.textiles.org](https://awnings.textiles.org/category/news/company-news/page/25/), 2024-10-15: "The Lenzing Group, a supplier of regenerated cellulose fibers for the textile and nonwovens industries based in Lenzing, Austria, announced the acquisition of a minority share in TreeToTextile AB."

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