Court Authorizes Acquisition of Papresa by CL Grupo Industrial, Securing 167 Jobs and Ensuring Industrial Continuity

CL Grupo Industrial welcomes the decision of the Commercial Court of San Sebastián authorizing the acquisition of the productive unit of Papresa, a leading paper manufacturer based in Errenteria. The ruling represents a significant milestone in safeguarding industrial activity in the region and preserving employment for 167 workers.

The court-approved transaction provides a stable framework for the continuation of Papresa's operations and reinforces CL Grupo Industrial's commitment to long-term industrial investment, sustainable growth, and the preservation of strategic manufacturing capabilities in Spain.

Through this acquisition, CL Grupo Industrial aims to strengthen Papresa's competitive position, support its operational modernization, and create a solid foundation for future development. The integration of Papresa into the Group's industrial portfolio is expected to enhance efficiencies while maintaining the company's industrial heritage and expertise.

"We are pleased with the court's decision and appreciate the confidence placed in our industrial project for Papresa," said a spokesperson for CL Grupo Industrial. "Our priority is to ensure business continuity, preserve employment, and work collaboratively with employees, customers, suppliers, and local stakeholders to build a sustainable future for the company."

The transaction follows insolvency proceedings in which CL Grupo Industrial presented a proposal focused on maintaining productive activity and maximizing employment retention. The approved plan guarantees the continuity of 167 jobs and provides certainty to employees and business partners.

CL Grupo Industrial remains committed to investing in industrial excellence, innovation, and responsible growth across its portfolio of businesses. The acquisition of Papresa aligns with the Group's strategy of supporting strategic manufacturing assets and contributing to regional economic development.