Peterson Packaging buys Ranheim mill out of bankruptcy
Peterson Packaging will acquire the Ranheim testliner and board mill from Peterson's paper division, which was filed for bankruptcy last week. According to a press statement by the Peterson management, the move, which is effectively immediately, will let production continue at the Ranheim facility.The Ranheim testliner and board mill has an annual capacity of approximately 115,000 tons per year and around 115 employees. The mill will now become an integral part of Peterson Packaging.Peterson Packaging has converting facilities and box plants in Norway, Sweden and Denmark. In Ranherim, Peterson Packaging has a box plant with 80 employees. The plant is depending on deliveries from the Ranheim liner mill.Peterson Paper (Peterson Linerboard), which was filed for bankruptcy, has two paper mills, the Ranheim mill and the mill in Moss in southern Norway, which has a capacity of 290,000 tons.