Feldmuehle ended insolvency proceedings in self-administration
January 7, 2020
GERMANY (News release) -- Feldmuehle GmbH has successfully completed the self-administration insolvency proceedings that began at the end of 2018. After the unanimous approval of all creditors on December 16, 2019 to the insolvency plan submitted by the management, the competent court in Pinneberg suspended the insolvency proceedings on January 2, 2020. The insolvency proceedings are now over.
The company has concluded an extensive financing package with its financial partners, which ensures long-term financing of the business.
In addition to financing, Feldmuehle GmbH has prepared itself through the restructuring measures implemented in 2019 to act actively in a market environment that is still expected to be challenging. The company has the scope to consistently take advantage of any growth opportunities that arise.
In addition to concentrating on the label product area, investments were made in the production machinery and facilities as part of the restructuring.
Feldmuehle GmbH is one of the leading European specialty paper manufacturers.