.logo-header-svg{fill:#4F1731;} COVID-19 About us Team Partnering with us Responsible ownership Portfolio News Contact UK US Case study AustroCel Hallein Back to case studies The company AustroCel Hallein produces high-quality softwood dissolving wood pulp (DWP), a key raw material used in the manufacture of viscose staple fiber, in turn the basis of viscose textiles. Why we invested The largest of two independent producers of softwood DWP in the world Well positioned to address growing global market for more sustainable textiles Ability to leverage biomass input to generate green energy Potential to increase production of specialty-grade products Year of investment 2017 Sales (LTM to December 31, 2018) $162.6m Status Current Building a better business AustroCel Hallein sources the large majority of its wood from sustainably managed spruce forests in Austria and Germany. The business generates virtually no CO2 emissions, is chlorine-free, and is fully compliant with standards for both air and water emissions. AustroCel has received the EMAS (Eco Management and Audit Scheme) mark, certifying it as a sustainable company. Leveraging its biomass input, AustroCel has become one of the largest green energy producers in Austria, producing renewable energy for its own needs and selling the surplus to the local grid. In 2017 the company’s achievement in implementing this project was recognized with the award of the Austrian National Energy Globe. During diligence, TowerBrook was able to gain an in-depth understanding of AustroCel’s business, its customers and the dynamics of its market, identifying opportunities for further growth and outlining a management and governance structure that would allow the business to access them. Following acquisition, TowerBrook appointed a new Chair, established Board committees with responsibility for risk and sustainability, and supported the introduction of firm-wide compliance training. AustroCel’s focus now is on expanding production capacity, developing more specialty-grade products for a diversified customer base, and evaluating the construction of a bio-ethanol plant on site to maximize the revenue-generating potential of the renewable energy generated by the business. AustroCel Hallein takes its responsibility towards the environment and the livelihoods of current and future generations very seriously. Around 90% of the wood used for pulp production by AustroCel Hallein is certified to PEFC standards. Wood chips are stored for an average of 5 weeks before being broken down under high pressure and temperature in seven 225m³ digesters that ensure continuous processing of around 900,000m³ of spruce wood each year. .ft-logo{fill:#FFFFFF;} Investor login London 1 St. James’s Market Carlton Street London SW1Y 4AH United Kingdom T: +44 20 7451 2020 Email New York Park Avenue Tower 65 East 55th Street New York, NY 10022 United States of America T: +1 212 699 2200 Email Frankfurt TaunusTurm TaunusTor 1 D-60310 Frankfurt a. M. Germany T: +49 69 5050 6042 03 Email Madrid Calle Almagro 36, 3a planta 28010 Madrid Spain T: +34 91 061 2402 Email © 2021 TowerBrook Terms & Conditions Cookies Policy Privacy Policy