Baden Board initiates insolvency proceedings

28 Nov 2019 − 

German board and packaging manufacturer Baden Board initiated self-administered insolvency proceedings on 27 November.

In a statement, Baden Board announced it aims to clean up its balance sheet and release old liabilities in order to improve the performance of its sites in Gernsbach and Weisenbach. The company expects the proceedings to be terminated in the second quarter of 2020.

Under the management of directors Robert Ferstl and Stefan Böll, the company will continue to operate and meet customer demands without restrictions.

This is an excerpt from our article on Baden Board, which will be published in EUWID Pulp and Paper #49 on 4 December 2019.

To gain full access to company news and in-depth market and price reports on major paper and board grades, raw materials and consumables consider subscribing to EUWID Pulp and Paper or start a three-week free trial.

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