Weekly

French specialty paper producer Stenpa in liquidation

18 November 2024

French producer of one-side coated paper Stenpa will be liquidated. The company was placed in liquidation by the commercial court of Bar-le-Duc on 8 November, trade union Filpac CGT reported. According to local media, the mill was officially closed on 13 November. The move affects 130 employees.

Stenpa had been in receivership since July this year. The commecial court had imposed judicial reorganisation proceedings (redressement judiciaire) on the company after it filed a declaration of cessation of payments. A buyer for the mill could not be found.

Stenpa is located in Stenay in northern France and produces various one-side coated specialty papers for use in the food packaging sector, the graphic sector or for labels. It has a capacity of around 55,000 tpy on one machine. The mill fomerly belonged to Ahlstrom and was sold to German investment holding company Accursia Capital only around one year ago.

Source: Euwid