The story
The company initially focused solely on fiber production, but it needed plastic wrappings for its fiber bales, so Lenzing Plastics was founded to produce them. The plastics division is still active, making 11.7% of total sales in 2009.
The company's history goes back to 1892, when Emil Hamburger, an industrialist, operated a paper mill in Lenzing, Austria.
In 1935/36, the share majority was acquired by the Bunzl family and the company was affiliated to the Bunzl & Biach AG circle of interests, Vienna. The company was expanded and modernized.
From Wikipedia’s article on Lenzing AG, shared under CC BY-SA 4.0.5