Spinnova, the Finnish sustainable fiber company, has acquired Woodspin, a subsidiary of Suzano Finland, for €2, marking a significant strategic shift in its business operations. Alongside the acquisition, Spinnova has announced the termination of its joint venture agreement with Suzano Finland, underscoring a new phase in the company’s pursuit of innovative textile solutions. This move reflects Spinnova’s commitment to expanding its production capabilities and accelerating the development of environmentally friendly fiber technologies amid growing demand for sustainable materials in the fashion industry.
Spinnova Acquires Woodspin and Suzano Finland Signaling Strategic Shift in Sustainable Textile Innovation
In a bold move that underscores its commitment to innovation and sustainability, Spinnova has acquired Woodspin and Suzano Finland, effectively ending its joint venture agreement. The €2 million transaction signals a strategic pivot towards consolidating research and…
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Author : Ava Thompson
Publish date : 2025-08-29 00:40:00
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