Pulp & Paper News

Court places French plant of Van Genechten Packaging in receivership



BRUSSELS , Jan. 24, 2013 (RISI) - 

The French commercial court of Lille placed VG Gooseens's Marcq-en-Baroeul plant into receivership on January 16, the court told PPI Europe. VG Goossens is a subsidiary of Van Genechten Packaging. The court put the company under a six-month observation period and has appointed an administrative receiver.

According to a union representative, the loss of a major customer was one of the reasons behind the company's financial problems.

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