Feldmuehle Uetersen to be sold to holding company

11 May 2018 − 

A buyer has been found for insolvent specialty paper producer Feldmuehle Uetersen in Germany.

The continued existence of Germany's specialty paper manufacturer Feldmuehle Uetersen, which has been in insolvency proceedings since January this year, is assured. With effect from 1 June, the company will be taken over by a holding company, according to Andreas Jung, spokesman of insolvency administrator Dr. Tjark Thies.

The company reports that the buyer is a holding company that has not yet been active in the paper industry. Paper production is said to continue unchanged.

Further information about the buyer as well as more details on possible cost-cutting measures could not be provided at this time, Mr Jung said. He expects further information to be provided within the next two weeks.

Feldmuehle Uetersen can produce up to 250,000 tpy of white, coated label paper, packaging paper, and graphic paper.

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