LENZING, Austria, July 6, 2015-

Within the context of the deconsolidation process launched in 2013 and the comprehensive restructuring of its technical operations already announced in 2014, Lenzing AG is continuing its strategy of more strongly focusing on its core business of producing man-made cellulose fibers, and is selling three business units of Lenzing Technik.

All the buyers plan to maintain business operations at the Lenzing site. Due to the expertise in their respective industries, this represents an opportunity for the business units and their employees to leverage synergies and be able to profitably grow in the future.

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