Royal Paper Enters into Asset Purchase Agreement with Sofidel America Corp.

Files Voluntary Chapter 11 Petitions to Facilitate Sale Process

Sofidel America Corp. will Serve as "Stalking Horse Bidder" in Court-Supervised Sale Process

Royal Paper Receives Commitment for New Financing to Support Business Operations

PHOENIX, April 08, 2025 (GLOBE NEWSWIRE) -- Royal Paper, LLC. ("Royal" or the "Company"), a leading provider of high-quality paper products, announced today that the Company has entered into an Asset Purchase Agreement ("APA") with Sofidel America Corp. ("Sofidel"), pursuant to which Sofidel will acquire substantially all of the Company's assets.

To facilitate the transaction, Royal has filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. This action is expected to provide for a quick and orderly sale of the Company's assets under Section 363 of the Bankruptcy Code, with Sofidel serving as the "stalking horse bidder" in a court-supervised auction and sale process. 

The agreement with Sofidel remains subject to Court approval ...

https://www.benzinga.com/pressreleases/25/04/g44703769/royal-paper-enters-into-asset-purchase-agreement-with-sofidel-america-corp