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🇫🇷 France /Economy & Trade

Matthieu Pigasse's Offer Exceeds 100 Million Euros for French Paper Pulp Maker Fibre Excellence

From Libération · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Businessman Matthieu Pigasse has submitted an offer exceeding 100 million euros to acquire Fibre Excellence, the last French manufacturer of merchant paper pulp.
  • The Toulouse Commercial Court will review Pigasse's proposal on Monday, which is supported by trade unions and includes investment from the Occitanie and Paca regions, as well as state aid.
  • This acquisition could secure the future of the company, which is the sole French producer of merchant paper pulp.

Matthieu Pigasse is poised to acquire Fibre Excellence, the sole French producer of merchant paper pulp, with a bid estimated at over 100 million euros. The Toulouse Commercial Court is set to examine the businessman's proposal on Monday.

Pigasse's offer has garnered support from trade unions, who see it as a lifeline for the company. The plan also includes capital investment from the Occitanie and Paca regions, along with promised public aid from the French state. This multi-faceted support aims to ensure the viability of the paper pulp manufacturer.

The acquisition is seen as crucial for preserving French industrial capacity in the paper pulp sector. The company's future has been uncertain, and Pigasse's bid represents a significant effort to secure its operations and employment.

DistantNews Editorial

Originally published by Libération in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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