Blackstone Tactical Opportunities Acquires Sustana Group
December 1, 2021
Funds managed by Blackstone Tactical Opportunities have acquired Sustana Group, a North American manufacturer of recycled fiber, paper and sustainable packaging products, from an affiliate of H.I.G. Capital. The transaction positions Sustana to accelerate expansion and capitalize on growing ESG-driven demand for sustainable packaging and premium papers under Blackstone's ownership.
- Buyers
- Funds managed by Blackstone Tactical Opportunities (Blackstone)
- Targets
- Sustana Group
- Sellers
- Affiliate of H.I.G. Capital
- Industry
- Packaging
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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