Fibria Celulose – Investment in Spinnova

Castrén & Snellman represented Fibria Celulose S.A. in their investment in Spinnova Oy. Through the investment, Fibria acquired a minority interest in Finnish-based Spinnova and a partner in the development, production and marketing of new materials using its technologies.

Fibria is a stock exchange listed Brazilian forestry company and the world’s leading producer of eucalyptus pulp from planted forests.

Spinnova is a startup that develops low-cost and environmentally sustainable technologies for making fabrics. The technologies use wood fibers to produce filaments and yarns that can replace cotton, viscose and other raw materials in both woven and nonwoven applications.