Baden Board to exit self-administration in May

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Baden Board and Baden Packaging report good order situation.

German recycled board and packaging producer Baden Board GmbH plans to end self-administered insolvency protection proceedings this May.

The company has been operating under formal "protective shield proceedings" since 27 November 2019. On 1 February, the responsible court granted a petition submitted by Baden Board GmbH for the opening of insolvency proceeding in self-administration.

Production was currently running at full swing in both the cartonboard and packaging divisions, with full order books and invariably high demand also for grass board, EUWID was told.

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