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Condat Paper Mill Put Up for Sale With Year-End Buyer Deadline

Heavy debts alongside a pared-back operation raise the stakes for a rapid takeover.

Overview

  • At an extraordinary works council meeting on 13 October, new president Dominique Bernard confirmed the Lardin-Saint-Lazare site is on the market and said he is tasked to secure a buyer by 31 December 2025.
  • Bernard told union representatives he is in contact with five to ten potential acquirers for the Dordogne plant.
  • The mill now employs about 202 workers with only the No. 8 glassine line running after the 2023 shutdown of a second line that cut 177 jobs.
  • Financial liabilities are a major hurdle, with Sud Ouest reporting around €40 million in debt for the plant, while the town’s mayor cited €50 million for Condat and €134 million for owner Lecta.
  • The CGT is preparing an alternative rescue plan, including a cooperative option, and local officials have engaged consultants as they seek to avert a court filing.