CL Grupo Industrial

Papelera de Oiartzun acquires insolvent Papresa's mill assets

Papelera de Oiartzun, part of Spain's CL Grupo Industrial, has acquired the production assets of insolvent paper manufacturer Papresa and assumed selected insolvency claims and liabilities. The former Papresa site in Errenteria continues to produce newsprint and containerboard under the new owner.

Why this mattersConsolidates Spanish newsprint and containerboard capacity under CL Grupo Industrial, keeping the Errenteria mill operating rather than closing.

• Papelera de Oiartzun acquired the production assets of insolvent manufacturer Papresa.
• Papelera de Oiartzun assumed selected insolvency claims and liabilities as part of the deal.
• Papelera de Oiartzun is part of Spain's CL Grupo Industrial.
• The former Papresa site is located in Errenteria, Spain.
• The mill continues to produce newsprint and containerboard after the acquisition.

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