The Austrian Lenzing Group acquires a controlling majority in the Swedish technology company TreeToTextile AB. Through this transaction, Lenzing strengthens its activities in sustainable, wood-based speciality fibres and broadens its development platform with a scalable, patent-protected technology. The transaction will be executed through the issue of new shares.
According to Lenzing, TreeToTextile marks an advance in cellulosic fibre production, building on existing processes such as viscose, as well as Lenzing’s own Lyocell technology from the 1990s. The process is expected to offer an enhanced sustainability profile, alongside potential cost and scale advantages.
With this majority holding, Lenzing is pursuing its strategic focus on higher-value speciality fibres and further expanding its technological differentiation in the global fibre market.
“TreeToTextile is one of the world’s most advanced next-generation fibre technologies and the most promising development on the market. Since our initial investment in 2025, the collaboration between the innovative TreeToTextile team and Lenzing’s fibre experts has delivered significant technological progress. We are fully committed to the joint scale-up and commercialisation,” says Georg Kasperkovitz, COO of the Lenzing Group. The existing minority shareholders, H&M Group, Inter IKEA Group and Stora Enso will remain invested. LSCS Invest is also retaining its stake.
“Innovation on an industrial scale requires time, expertise and strong partnerships. The increase in the Lenzing Group’s stake clearly confirms our technology and our ambition to become a major player in the global fibre market,” says Dr. Roxana Barbieru, CEO of TreeToTextile.
In the course of the transaction, Lenzing plans to expand the production capacity of the existing demonstration plant in Nymölla (Sweden) and to prepare the development of an initial large-scale industrial plant. The company also expects operational synergies from closer collaboration.
