Quantum Capital Partners acquires Papresa, plans partial conversion to containerboard

29 Jul 2020 − 

The current situation on the newsprint market calls for capacity cuts. Papresa is the next candidate: The company will be sold and part of the production of its 375,000 tpy mill will be converted to containerboard.

Spanish newsprint producer Papresa is being acquired by investment company Quantum Capital Partners. A Quantum spokesperson confirmed to EUWID that the purchase agreement with the previous owner US investment fund KKR was signed in the penultimate week of July. Quantum Capital Partners intends to partially convert Papresa's output capacity, which is currently focused on newsprint, to recycled corrugated case material. To this end, part of the existing production capacities are to be rebuild for the new grades, the spokesman explained.

Papresa has a production capacity of around 375,000 tpy, mainly for newsprint (heatset, coldset, standard and improved grades), produced on three machines, and two deinking lines. Quantum Capital Partners stated that output capacity was to be expanded, but could not provide any specific details. Also, the schedule of the planned conversion will only be described in more detail when the takeover of the company is completed, the company spokesman said.

This article is an excerpt from our article on the latest move on the European newsprint market.

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