Articles by topic » insolvency

Sale of insolvent paper manufacturer Zanders wrapped up

30 Nov 2018 − On 1 December, the newly founded “Zanders-Paper GmbH” will take over the Zanders site in Bergisch Gladbach (near Cologne). The company will continue to operate, albeit with a workforce reduced by one third.» more

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Feldmuehle files for insolvency again

22 Nov 2018 − Unexpectedly high costs for raw materials and energy have forced the paper manufacturer, which was only salvaged from insolvency in August 2018, to file for insolvency again.» more

German speciality paper and board company Zanders placed in administration

05 Sep 2018 − The motion for debtor-in-possessions proceedings has been withdrawn after the preliminary committee of creditors rejected the restructuring concept, explained Zanders' parent Mutares.» more

Insolvency proceedings opened over Tönnesmann

11 Jul 2018 − After filing for insolvency around two months ago, producer of one-side coated recycled papers Tönnesmann is now in insolvency proceedings. Production is said to be still down.» more