GERMANY (News release) -- Progroup AG and Sappi Stockstadt GmbH signed a contract to take over the site of the paper and pulp mill in Germany. Terms of the deal were not disclosed.

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 site is set to be taken over in April 2024. The dismantling of the old facilities will then be planned and implemented. This step is needed to create space to implement the future site concept and will be completed during the course of 2025. Alongside this, specific plans and technical reports will be drawn up and will serve as the basis for permit applications and forthcoming investments.

Sappi Stockstadt Mill is an integrated pulp and paper mill located in Germany, with a production capacity of 145,000 tpa of pulp (for internal use).

Progroup AG, located in Landau, Germany, is one of the leading manufacturers of containerboard and corrugated board in Europe. Progroup operates production sites in six countries in Central Europe.

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