Hivest Capital Partners acquires Sustana

Hivest Capital Partners, an independent French private equity firm, has acquired Sustana, a North American producer of recycled fiber and paper products. Terms were not disclosed.

Sustana runs mills in Québec and Wisconsin and is supported by eight recovery facilities across the U.S. and Canada. Its operations span recovered paper collection, recycled fiber production and premium paper manufacturing.

Lincoln International advised Sustana on the transaction. The article said Hivest was chosen for its operational expertise and experience with business transformations, and that the deal gives Sustana a stronger financial base and more flexibility to invest.