A number of bidders have put in provides to purchase the enterprise and belongings of bankrupt Swedish textile recycler Renewcell, the corporate’s chapter trustee mentioned Thursday.
The method has been intently watched by many within the business, eager to see a enterprise that represented one in every of style’s most superior prospects to satisfy growing demand for round fibres revived.
The character of the bids and the names of the bidders weren’t disclosed. A closing closing is anticipated mid-April following a evaluate course of.
Study extra:
Why Renewcell’s Chapter May 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.