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Italy’s Pro-Gest has entered binding agreements with its principal financial creditors to restructure the group’s debt, according to EUWID. The arrangement includes a lock-up agreement and a term sheet. The report says the Zago family would retain full ownership and control of the group. Debt maturities are to be extended to 2030, with creditors holding an option to extend them further to 2032. Interest rates are also to be reprofiled.…
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Progroup is maintaining its plan to build a new containerboard machine at the former Sappi site in Stockstadt, Germany. The company says commissioning could be delayed because of the challenging economic environment.…
Firefighters in Tallahassee, Florida, extinguished a fire involving a large pile of cardboard near Marpan Recycling. The Tallahassee Fire Department received the call shortly before 5 a.m., according to the supplied report. Responding crews found the burning material outside the facility, near a building.…
Central National Gottesman Inc. (CNG) said its Lindenmeyr Munroe division will acquire the business of Omaha Paper Company, a Nebraska-based distributor. The company, which recently rebranded as OPC Direct, distributes paper, packaging materials and equipment, wide-format products and JanSan…
Valmet has received an order to supply a complete board-making line to an unnamed customer in Asia. The reported scope includes stock preparation and a board machine running from the headboxes through to the reel and winders. Valmet says the line is intended to produce coated board.…