It has been reported that CL Grupo Industrial has had a deal to purchase Papresa’s paper mill in Errenteria, Spain, accepted at €39.2m. The paper machines produce newsprint and recycled containerboard. The sole binding offer was accepted following Papresa’s filing for voluntary insolvency in April 2026.
The offer – which was presented a few weeks ago along with the application for bankruptcy proceedings in the form of a pre-pack bankruptcy agreement – is binding, and also proposes saving 148 jobs, 72% of the workforce of the paper mill.
