Pope & Talbot Pulp Sales Europe files bankruptcy in Belgium

By Caroline Salls

Pittsburgh, Nov. 21 - Pope & Talbot, Inc. subsidiary Pope & Talbot Pulp Sales Europe, LLC has filed an application for relief under Belgian bankruptcy laws in the commercial court in Brussels, according to a Pope & Talbot news release.

If the Belgian court grants the company's application, Pope & Talbot Pulp Sales Europe will be liquidated through the bankruptcy proceeding.

"We want to assure our customers that Europe remains an integral part of our business," Pope & Talbot president and chief executive officer Harold Stanton said in the release.

As previously reported, Pope & Talbot and some of its subsidiaries filed for protection under the Companies' Creditors Arrangement Act of Canada on Oct. 29 and made a Chapter 11 bankruptcy filing on Nov. 19 in the U.S. Bankruptcy Court for the District of Delaware.

Pope & Talbot is a Portland, Ore.-based pulp and wood products company. Its Chapter 11 case number is 07-11738.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.