Bast Fibre Technologies to acquire North Carolina-based Lumberton Cellulose LLC from Georgia-Pacific
VICTORIA, BC, January 11, 2022-
Bast Fibre Technologies Inc. (BFT), a manufacturer of premium natural fibres for the global nonwoven and textile industries, announced today that it has entered into a definitive agreement to acquire Lumberton Cellulose LLC (LC), a natural fibre processing facility located in Lumberton, North Carolina from Georgia-Pacific Cellulose LLC.
"Acquiring this state-of-the-art natural fibre processing facility and integrating the great team at Lumberton enables BFT to immediately establish North American manufacturing operations to meet the rapidly growing demand for our sustainable natural fibres", says BFT CEO and Chairman Noel Hall. "Following our recent acquisition of German-based fibre processor FVT, this is another key step in our long-term strategy of building significant high quality manufacturing capacity for our global customers supporting our core mission of 'grow local, process local, sell local'."
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