French Arjo paper mill put up for auction

The auctioning process of the Jouy-sur-Morin site will continue until October

International News
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Le Parisien reported that the Commercial Court of Nanterre opened proceedings yesterday (10 July) on the sale of the paper manufacturer’s factory in Jouy-sur-Morin, the closure of which in January put 238 people out of work.

Representations for two potential takeover plans were heard, one led by Patrice Schaafs of the CGT union, who is seeking aid from the French public investment bank, and another led by former Arjo employee Arnaud Gravey with the backing of private investors.

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Source: Print Week

 

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