 Van Gelder filed for bankruptcy, but operations in Renkum continued with the independent company Parenco B.V.

German pulp and paper company Haindl bought Parenco in 1983, naming it Haindl Parenco.They invested to allow for a second paper machine, PM1, which started running in 1987.PM2 was upgraded in 1989, PM1 in 1998.