Smart Papers debtor granted court OK of $2.7 million Park Falls, Wis., facility sale

By Caroline Salls

Pittsburgh, July 13 - Smart Papers, LLC debtor PF Papers, LLC obtained court approval of the $2.7 million sale of substantially all of the assets at its Park Falls, Wis., facility to Flambeau River Papers, LLC, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

Flambeau paid a $500,000 deposit.

Smart Papers, a Hamilton, Ohio-based paper manufacturer, supplier and marketer, filed for bankruptcy on March 21. Its Chapter 11 case number is 06-10269.

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