Potential buyer for Arjowiggins'Wizernes mill

摘要

There is a party interested in acquiring the moth-balled Wizemes fine paper mill in France that belongs to Sequana subsidiary Arjowiggins. A spokesman for the union Filpac CGT confirmed that there was an offer for a partial takeover of the site. The potential buyer was a European paper producer whose identity cannot be revealed at this time, the spokesman said. The plans for the mill are still unknown. All of the details, including information about the products, investment plans and the timing of the resumption of operations would be given in due time, EUWID was told. The next meeting with the potential buyer is scheduled for 13 February, according to Filpac CGT. It is not yet clear how likely it is that the takeover will go ahead. A firm offer has been made, but the union fears that Sequana will put up resistance.