Overview
- Judge Fabián Lorenzini homologated the concursal agreement, enabling the cramdown that transferred all Vicentin assets to Grupo Grassi and avoided bankruptcy.
- On Dec. 29, president Mariano Grassi and vice president Leandro Salvatierra visited Ricardone, San Lorenzo’s export terminal, and Renopack, meeting workers and unit leaders.
- The visits served as the first formal step of “Nueva Vicentin Argentina,” with messages of gratitude to staff and a pledge to rebuild operations and employment.
- Representatives from the Nodo Norte plants participated remotely, with onsite visits planned in the coming weeks.
- An initial investment of about US$40 million is planned to restore industrial and commercial activity and to normalize relationships with employees, suppliers, and customers, with a focus on reviving export volumes.