Pro-Gest Makes Offer for Burgo's Mantova Mill in Italy
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The Pro-Gest Group, Italy, has made an offer to purchase the historic Burgo deinked newsprint mill in Mantua, Italy. The Burgo Group noted the binding commitment of the Group of Ospedaletto and, considering the industrial value of the project, has accepted the offer.
The stated goal of both parties is a re-launch of the industrial site, taking into account characteristics of the site and also the employment impact on the territory. The Mantua mill has a production capacity of 160,000 metric tpy of newsprint. Its only paper machine, PM 1, was idled in February 2013.
Purchase of the paper mill by Pro-Gest would ensure continued production in Italy, which is a value that has always distinguished the Group of Treviso, firmly anchored in Italy.
Pro-Gest, a holding company owned by the Zago Family, is a private Italian producer of paper, corrugated board, and packaging.
