SPB Announces Strategic Acquisition and Future Vision for Former Condat Paper Mill Site

SPB today confirms the successful acquisition of the historic Condat paper mill in Le Lardin-Saint-Lazare, signalling a bold new chapter for the long-standing industrial site. Following a competitive selection process, the Commercial Court in Bordeaux has approved the bid submitted by Condat Solutions — a fully-owned subsidiary of Groupe SPB — securing the future of the location and initiating a comprehensive transformation plan.

Under the terms of the agreement, SPB will retain 21 key roles out of the former workforce of 202, ensuring continuity in essential activities while broadening the scope of long-term investment.

A Forward-Looking Reindustrialization Plan

SPB’s takeover represents more than a change of ownership — it marks the start of a wide-ranging redevelopment initiative aimed at repurposing the site for diversified, sustainable industrial activities. The company’s strategic vision includes:

• Reinventing industrial use — transforming the former paper mill into a multi-sector Biopark focused on advanced manufacturing and circular economy principles.

• Sustainable investments — an ambitious investment programme totalling approximately €95 million over the next 30–36 months, directed at sustainable infrastructure and industrial capability.

• Energy innovation — the development of a 200 MW green energy hub that integrates hydrogen technologies and waste-heat recovery from aluminum recycling for local self-consumption.

• Exploration of future production potential — a collaboration with international partner Delfort will assess viability of restarting the existing glassine paper machinery (PM8) and other value-added manufacturing options.

• Digital and industrial ecosystems — plans to attract a national or European digital operator to establish a strategic presence on-site, boosting the innovation profile of the region.

Creating Long-Term Opportunities

SPB’s roadmap goes beyond preserving industrial heritage. It is designed to generate hundreds of quality jobs in the Dordogne region over the next five years and to reinvigorate local economic activity by integrating decarbonized production methods with a diversified, future-ready industrial base.

“We recognise the legacy and social importance of the Condat site,” said a spokesperson for SPB. “Our proposal is about more than saving an old mill — it’s about planting the seeds for a new industrial ecosystem that aligns with sustainable development and brings meaningful, long-term work to the region.”