- In October 2022, Bast Fibre Technologies Inc. entered a strategic financing agreement with Ahlstrom Capital Group, under which Ahlstrom acquired a 20% ownership stake in Bast. This investment is set to accelerate the expansion of Bast's fiber production operations, enhancing its manufacturing capabilities and reinforcing its position in the natural fibers market
- In February 2022, Bast Fibre Technologies Inc. completed the acquisition of Lumberton Cellulose from Georgia-Pacific, rebranding the facility as BFT Lumberton. The move is expected to increase the company’s annual production capacity to over 30,000 tonnes, establishing it as a key natural fiber processing hub in North America and strengthening its supply chain resilience
- In January 2022, Reality Paskov s.r.o. merged with Lenzing Biocel Paskov a.s., both based in the Czech Republic. This corporate consolidation is aimed at streamlining operations and supporting future growth, enabling Lenzing to better serve the increasing demand for natural and sustainable fibers across global markets
