Suzano also inked a long-term supply agreement with Pactiv Evergreen for the supply of liquid packaging board for its converting business.The transaction is expected to close later this year, pending final regulatory approval.Pactiv Evergreen's assets are already in a favorable position on the North American packaging industry's cost curve. An ample supply of wood in the region, low energy costs, and proximity to railways, ports and highways make these assets strategic fits for Suzano. SUZ intends to collaborate with Pactiv Evergreen's team and leverage its operational knowledge and experience in the paperboard industry to improve the structural competitiveness and profitability of the acquired assets.