A number of bidders have put in provides to purchase the enterprise and property of bankrupt Swedish textile recycler Renewcell, the corporate’s chapter trustee stated Thursday.
The method has been intently watched by many within the business, eager to see a enterprise that represented one in all vogue’s most superior prospects to satisfy rising demand for round fibres revived.
The character of the bids and the names of the bidders weren’t disclosed. A closing closing is predicted mid-April following a overview course of.
Study extra:
Why Renewcell’s Chapter Would possibly Be the Push Textile Recycling Wanted
Within the weeks since one of many business’s most promising recycling start-ups filed for chapter, huge manufacturers have put more cash and extra dedication into bringing improvements to market.
