A U.S. Bankruptcy Court judge approved the sale of a tissue mill in Memphis, Tenn., to Kruger Inc. and its Scott Paper Ltd., subsidiary. The sale price is $4 million. The mill, formerly owned by American Paper Co., closed this past spring.
In addition to the $4 million price, Kruger paid $20 million to one of the chief creditors, Bank of America, for the equipment. Kruger acquired Scott Paper Ltd. in 1997, a leading tissue manufacturer in Canada. (Memphis) Commercial AppealLatest from Recycling Today
- BMW Group, Encory launch 'direct recycling’ of batteries
- Loom Carbon, RTI International partner to scale textile recycling technology
- Goodwill Industries of West Michigan, American Glass Mosaics partner to divert glass from landfill
- CARI forms federal advocacy partnership
- Monthly packaging papers shipments down in November
- STEEL Act aims to enhance trade enforcement to prevent dumping of steel in the US
- San Francisco schools introduce compostable lunch trays
- Aduro graduates from Shell GameChanger program
