Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging
Blackstone (NYSE:BX) announced today that funds managed by its Blackstone Tactical Opportunities business (“Blackstone”) have acquired Sustana Group (“Sustana” or the “Company”), a leading manufacturer of premium, sustainable recycled fiber, paper and packaging products, from an affiliate of H.I.G. Capital (“H.I.G.”).