Lenzing snaps up Tencel group

摘要

Austrian fibres group Lenzing has taken over the entire Tencel group of companies from Corsadi,part of venture capital group CVC,for an undisclosed sum.The acquisition,which took effect from 4 May,further strengthens Lenzing's position in the high-value cellulose fibres market and combines the two former rivals that first developed the revolutionary wood fibre,discovered in the late 1980s.