Norway-based specialty paper producer Hunsfos Fabrikker to be liquidated, announces insolvency administrator after two months of unsuccessful talks with potential investors; mill in Vennesla, Norway, idle since Sept. 22
Bdebbie Garcia
LOS ANGELES
,
November 29, 2011
(Industry Intelligence)
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Hunsfos Fabrikker AS, a specialty paper producer based in Norway, will be liquidated, the insolvency administrator announced on Nov. 24, EUWID-Paper reported on Nov. 28.
Håvard Wiker said that he spoke with several interested investors over the past two months, but was not able to reach an agreement.
The mill in Vennesla, Norway, has been down since Sept. 22, when bankruptcy proceedings began. EUWID-Paper reported.
Hunsfos Fabrikker began debt restructuring under the court of Kristiansand, Norway, on Aug. 23, and a Creditors Committee decided on Sept. 23 to immediately halt operations, according to a Sept. 23 company press release that was carried on IndustryIntel.com the same day.
The primary source of this article is EUWID-Paper, Gernsbach, Germany, on Nov. 28, 2011.
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