“The acquisition of this state-of-the-art natural fiber processing facility and the integration of Lumberton’s formidable team allows BFT to immediately establish manufacturing operations in North America to meet growing demand. of our sustainable natural fibers,” said BFT CEO and President Noel Hall. . “Following our recent acquisition of Germany-based fiber processor FVT, this is another key step in our long-term strategy of building high-quality manufacturing capability for our global customers, supporting our mission principle: “grow locally, process locally, sell locally”. .”
The purchase of LC builds on BFT’s existing relationship with Georgia-Pacific. In February 2020, BFT licensed a suite of patents relating to the use of bast fibers in a variety of nonwoven products and processes from Georgia-Pacific Consumer Products on an exclusive worldwide basis.
The LC facility is a highly automated, quality natural fiber producer for the personal care and hygiene markets. Ideally located to serve BFT’s North American customers, BFT plans to grow and invest in the operation, establishing LC as its flagship US manufacturing site and opening up new opportunities and markets for North American hemp and flax growers.
“This acquisition is a key strategic step in our mission to develop significant manufacturing capability while supporting the vast potential of North American grown hemp and flax,” said BFT President Jim Posa. “Lumberton Cellulose is one of the leading producers of quality fibers and with the current infrastructure and Lumberton’s excellent and highly experienced team, we expect to significantly expand the production capabilities of the facility over the next few years. This acquisition will play a vital role in supporting North America’s transition away from plastic and manufactured cellulosic fibers and toward a more sustainable future.
“The Lumberton Cellulose team is excited about the opportunity to join the BFT team and grow our business,” said Chuck Oxendine, Lumberton Plant Manager. “This acquisition is a good fit for our people and our capabilities as we continue to supply our current customers, including Georgia-Pacific Consumer Products, while developing and building additional bast fiber capacity and creating new customers. “
The final purchase will be completed during Bast Fiber Tech’s first fiscal quarter, subject to the satisfaction of customary closing conditions.