Progroup will acquire the site of the Stockstadt mill from Sappi and redevelop it for corrugated case material production, EUWID reports.
Representatives of Progroup AG and Sappi Stockstadt GmbH signed a contract to take over the site of the paper and pulp mill.
The traditional paper site offers the successful family business Progroup the opportunity to design another site for the circular economy. The intention is to develop a concept step by step so that the company can use a closed material loop to manufacture containerboard in a sustainable and innovative way.
The local market town, district and the Free State of Bavaria strongly supported the negotiations. The establishment of the site was overseen by Invest in Bavaria, the state government’s business development agency.
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