UPM Concluded Sale of Newsprint Mill Site in France
Consequently, UPM had to cancel its sale to Samfi and Paprec France SAS.
SEATTLE (Scrap Monster): UPM closed the sale of its Chapelle Darblay newsprint mill site in France to the Community of Rouen. The asset sale covers land, the buildings and the equipment, but no personnel. The newsprint mill site had stopped production in June 2020. Also, the company had announced a social plan for its employees.
Initially, UPM had reached an agreement to sell the site to a consortium of two partners, Samfi and Paprec France SAS, in October 2021. However, the Community of Rouen announced in February this year, its decision to pre-empt the sale of the Chapelle Darblay land and buildings. Consequently, UPM had to cancel its sale to Samfi and Paprec France SAS.
Announcing the decision, UPM said that it will continue to remain committed to the French newsprint market and that it will continue close collaboration with its partners and customers in France.
The company had recently marked celebration of 150 years of operations at its mills on the riverbanks in Kuusankoski, Valkeakoski and Pori. The company had begun operations at its Verla groundwood mill and the Kymi and Kuusankoski paper mills in 1872. Also, it had established the Seikku sawmill in Pori and the groundwood mill and paper mill in Valkeakoski in the same year.
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