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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