Monday May 23, 2022

UPM completes sale of Chapelle Darblay newsprint mill in France

Published : 11 May 2022, 03:09

  DF Report

File Photo: UPM by Tuomas Uusheimo.

The forest-based bio-industry company UPM on Tuesday closed the sale of its Chapelle Darblay newsprint mill site to the Community of Rouen, said a press release.

This sale is an asset sale, covering land, the buildings and the equipment. No personnel will be transferred.

UPM had permanently ceased production and agreed a social plan for its employees at its Chapelle mill in Grand-Couronne, France already in June 2020.

UPM had originally committed to selling the site to a consortium of two partners, Samfi and Paprec France SAS, in October 2021.

The Community of Rouen then pre-empted the sale of the Chapelle Darblay land and buildings in February 2022, cancelling the sale to Samfi and Paprec France SAS.

UPM will remain committed to the French newsprint market and will continue close collaboration with its partners and customers in France.