• Lenzing AG acquires controlling majority in TreeToTextile AB to accelerate new fiber industrialization
LENZING, Austria – The Lenzing Group announced on February 2, 2026, that it has acquired a controlling majority in the Swedish innovation company TreeToTextile AB. The transaction is intended to accelerate the industrial-scale production of a new, resource-efficient fiber technology.
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What is new?
The Lenzing Group has become the majority shareholder in TreeToTextile AB through a transaction executed by the issuance of new shares.
This move strengthens Lenzing’s position as a provider of wood-based specialty fibers and adds a scalable, patent-protected technology to its innovation pipeline. The company described the acquisition as a strategic milestone.
Strategic Rationale
The TreeToTextile process is positioned as the next major technological advancement in cellulosic fiber production, following viscose and Lyocell. The technology is reported to have a significantly improved sustainability profile and attractive cost advantages. According to Georg Kasperkovitz, COO of Lenzing Group, the technology is among the world’s most advanced and represents a promising development for textile and nonwoven markets.
Next Steps and Scale-Up
The acquisition enables an accelerated scaling of the new technology. Lenzing plans to significantly increase production output at the existing TreeToTextile demonstration plant in Nymölla, Sweden. The company is also beginning preparations for the construction of the first industrial-scale facility for the new fiber.
Shareholder Context
While Lenzing now holds a controlling majority, key partners will remain involved in TreeToTextile as minority shareholders. These include H&M Group, Inter IKEA Group, and Stora Enso. LSCS Invest, a shareholder since the company’s founding, will also continue its commitment. These partners are expected to contribute valuable market and consumer perspectives.
About this company
The Lenzing Group is an Austrian-based company specializing in the production of specialty fibers from regenerated cellulose, derived from wood. The company developed the Lyocell technology in the 1990s and is known for its TENCEL™, REFIBRA™, LENZING™, ECOVERO™, and VEOCEL™ brands. Lenzing operates as a global provider of sustainable, wood-based specialty fibers.
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