SMART Papers, located in Hamilton, Ohio, was successful in confirming a new round of financing. The mill has been under bankruptcy protection, citing poor cash flow due to
high energy, fiber, and chemical costs. Plainfield Asset Management will take control
of SMART Papers and assume the $40million of debt. The VC will provide an additional $10million for interim financing.
Paper.com has all the SMART Paper grades, including Kromekote, in stock and ready for immediate shipment.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment