Paper

Paperlinx UK owed creditors almost £53m, had a pension deficit of £180m, and owed HMRC nearly £10m in VAT at the time it was placed into administration.

Administration and professional fees of almost £3m were racked up in the first six weeks of the hugely complex administration process surrounding Paperlinx UK.

Paperlinx’s Irish business is being sold to its management team, while its Scandinavian operations have been sold to Antalis International.

Middleton Paper has gone on a recruitment drive, adding four former Paperlinx employees to its team to cope with growing demand following the demise of the giant merchant.

Two European papermakers have announced plans to implement further price rises over the summer.

Fresh De La Rue boss Martin Sutherland has described polymer as “the substrate of the future” as the firm revealed year-end results that were in line with its downgraded expectations.

The Magic Touch has launched an upgraded t-shirt paper for the OKI range of digital printers at Fespa.

US paper producer FiberMark (6-U2) is on the hunt for European distributors for its range of 100% paper wide-format POS boards.

A new paper agent has emerged from the ashes of Paperlinx UK, and the firm has teamed up with newly independent German mill Feldmuehle Uetersen.

One of the biggest paper producers in Europe has announced an 8% price rise on its coated fine and coated mechanical paper reels, from 1 July.

Antalis will present its extensive range of greetings cards materials at the Progressive Greetings Live event next month.

Lecta, which was widely expected to have a major exposure to Paperlinx, has put a figure on its likely bad debt with the merchant.