Norske Skog sold Parenco and the recycling company Reparco to H2 Equity Partners in August 2012 for €30 million. H2 stated that they hoped to find new market segments to produce other paper grades two and had a long-term goal of restarting PM2. On June 4, 2015, the announcement was made that Parenco invests approximately one hundred million euros with its owner H2 Equity Partners in the conversion of its PM2. After the conversion, PM2 will produce about 385,000 tons of packaging paper from mid-2016, intended for the production of corrugated board.