Bio Pappel, S.A.B. de C.V.
CODUSAA.MX
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- Bio Pappel, S.A.B. de C.V. (Bio Pappel) operates as a vertically integrated paper and packaging company, producing and marketing brown paper, corrugated packaging, white papers, notebooks, newsprint, and related products under brands including Titán, Scribe, and McKinley. The company offers brown papers and multi-wall paper sacks; corrugated packaging solutions; bond paper for writing, printing, copiers, and the publishing industry; school products and notebooks; and newsprint, serving industrial sectors, consumer goods manufacturers, retailers, and office supply distributors across Mexico, the United States, Canada, Colombia, and Latin America. Founded through origins tracing to the 1970s and headquartered in Mexico City, Mexico, Bio Pappel maintains 38 industrial plants, 14 collection centers, one distribution center, and two corporate offices, with an annual production capacity exceeding 4.2 million tons. Through business groups focused on brown paper and packaging (national leader in Mexico), white papers and notebooks (via Scribe), and U.S. operations (via McKinley), the company emphasizes a circular economy model, recycling 1.7 million tons of paper in 2024 via its Urban Forest initiative, positioning it among the top recyclers in the Americas. In recent developments, Bio Pappel secured a US$70 million loan from Manulife in June 2024 to extend maturities and enhance liquidity; issued a US$350 million syndicated loan in December 2024 (US$150 million Tranche A at SOFR+1.45% maturing 2029; P$4,000 million Tranche B at TIIE+1.75% maturing 2031) to refinance debt and fund expansions; received US$205 million Senior Secured Notes from PGIM Private Capital in 2025 for refinancing and growth; acquired operational assets for MXN 400 million from Talleres Estrella in June 2025 to bolster in-house manufacturing; opened a state-of-the-art plant in Dallas, Texas in early 2025; and plans further expansions including Ramos Arizpe (Coahuila, Mexico) in 2025, Culiacán in 2026, Guadalajara in 2027, and upgrades in Wisconsin and Virginia, targeting 4.8 million tons capacity by 2027. The company delisted from the Mexican Stock Exchange, appointed new U.S. management in 2024 including Tonie Meyers as Sr. VP, and joined the Science Based Targets initiative, while maintaining HR Ratings of AAA (national, stable) and BBB+ (global, negative).