Insolvency proceedings for Zanders begins

On September 1, 2018, Cologne district court has opened insolvency proceedings over the assets of Zanders GmbH. Lawyer Marc d’Avoine was appointed as insolvency administrator. The managing directors Ferlan, Kohler and Geiser have at the same time discontinued their previous operational activity.

Under the leadership of the insolvency team with lawyers Marc d’Avoine, Oliver Teubler and business graduate Paul Michels and with the support of external consultants, the operation of the paper producer with more than 500 employees will be continued. Whether and which reorganization measures have to be taken will be decided in a timely manner on the basis of the ongoing analysis. The chosen restructuring course will be continued.

The team around d’Avoine continues to be confident that it will be able to reach a viable solution for all concerned, paving the way for Zanders GmbH into the future.