Theia

Article

Groupe SPB Acquires Condat Paper Mill; Plans for Job Losses and New Biopark Development

CIRCULAR ECONOMY & RECYCLING

Groupe SPB has finalized its takeover of the Condat paper mill, likely leading to the cessation of paper production. The Bordeaux Commercial Court approved SPB's bid, retaining only 21 out of 202 jobs.

SPB plans a reindustrialization project emphasizing a decarbonized circular economy, aiming to create 300 jobs in five years. The company will evaluate the feasibility of restarting the PM 8 line with Delfort over five months. The site will transition to a Biopark for aluminum recycling and nanocellulose production, supported by a €95 million investment and the development of a 200 MW green energy hub, alongside a €400 million digital initiative.

Groupe SPB Acquires Condat Paper Mill; Plans for Job Losses and New Biopark Development
Mar 3, 2026, 11:50 AM

No comments yet. Be the first to share your thoughts!