Former Idempapers Paper Mill in Belgium Acquired; New Company Named Virginal Paper
Virginal Paper's operations will focus on specialty papers such as one side coated label, clay coated kraft, flexible packaging, poster and wet strength papers.
June 25, 2018 - A Norwegian company has acquired the assets of bankrupt specialty paper producer Idempapers. The deal includes Idempapers' paper mill in Virginal-Samme, Brabant, Belgium.
The new company, named Virginal Paper SA, will start production in July.
According to a press release from Virginal Paper, the operations will focus on specialty papers such as one side coated label, clay coated kraft, flexible packaging, poster and wet strength papers.
“We will manufacture from a competitive cost base and focus on products with positive growth,” said Terje Haglund, CEO of Virginal Paper. “We are pleased to invest in paper businesses in Europe. With a strong team of industry professionals, we will be part of restructuring the industry by implementing innovative and cost efficient operations”.
Idempapers was a paper company located in Walloon Brabant region of Belgium. It produced and marketed high-value specialty papers such as carbonless and one-side coated products. The company had operations at two sites: Virginal, (manufacturing), and Nivelles (logistics).
SOURCE: Virginal Paper SA