It seems as if Sequana is ready to sell its Wizernes paper mill in France. The former fine paper mill might be converted to produce packaging papers in the future.
A buyer has been found for the idled Wizernes paper mill in northern France of Sequana subsidiary Arjowiggins. According to a statement by the Filpac CGT trade union, the former fine paper mill, which has been down since mid-2015, is to be sold to a local entrepreneur from the paper industry. Sequana did not wish to comment on the events and pointed out that the project had not yet been completed. Filpac CGT also said that the purchase agreement had not yet been signed.
According to local media, the prospective buyer is Henri Bréban, CEO of the nearby packaging company Express Packaging. Filpac CGT says that Bréban intends to produce packaging paper in Wizernes in the future, which fits the current activity of his company Express Packaging.