Italian printing and magazine paper mill Cartiera delle Alpi finds buyer

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Italian printing and magazine paper mill Cartiera delle Alpi finds buyer

February 02, 2015 - 18:45

BRUSSELS, Jan 27, 2015 (RISI) - The Bankruptcy Court of Milan has picked a new owner for Italy's Cartiera delle Alpi, in Guardabosone, following auction proceedings at the end of December last year. The name of the buyer has not been revealed yet. 

The new owner does not plan to resume production at the mill, the mayor of Guardabosone Claudio Zaninetti told RISI, adding that he is instead looking for another investor to acquire the plant - the building and the production unit - in a "complete package."

The Guardabosone mill, which produced approximately 8,000 tonnes/yr of printing and magazine paper, stopped production in 2013 due to a declining revenues and liquidity issues, the mayor said.