CMS Wistrand advises TreeToTextile in Lenzing Group's investment

CMS Wistrand has advised TreeToTextile AB in connection with Lenzing Group’s investment and new partnership in the company. The investment aims to accelerate the development of a renewable and resource-efficient cellulose fibre for textile and nonwoven applications.

Swedish-based TreeToTextile is driving systemic change in the textile industry by developing the next-generation cellulose fiber. Supported by its owners – H&M Group, Inter IKEA Group, Stora Enso and LSCS Invest – the company strives to provide a renewable and resource-efficient fibre with a low environmental impact. The fibre has the potential to complement or replace parts of the cotton, viscose and polyester markets.

Austria-based Lenzing Group has production sites and sales representation in over ten countries and is behind well-known trademarks such as TENCEL™, LENZING™ ECOVERO™, VEOCEL™ and REFIBRA™.

CMS Wistrand’s team consisted of Peter Lexenberg and Amanda Espinasse.