Kelheim Fibres GmbH: Insolvency proceedings opened under self-administration - focus on sustainable restructuring and securing the future

The company has already taken measures at an early stage to stabilize its business operations and make them fit for the future. Following successful negotiations with customers and banks, business operations can be continued to the planned extent in the proceedings that have been opened.

“The decision to initiate protective shield proceedings was necessary in order to respond to the considerable challenges, in particular the sharp rise in energy prices and increasing competitive pressure from low-priced products from Asia. We have set the course for a sustainable restructuring and are confident that we can secure the future of the company with the measures we have introduced,” explains the management of Kelheim Fibres.

To secure the restructuring, Roland Berger is conducting an M&A process aimed at finding suitable investors to secure the company's long-term future. At the same time, the company is concentrating on its most profitable core products in order to strengthen its competitiveness and is implementing the necessary operational restructuring measures. Adjustments are also necessary as part of the process, which will entail job cuts. The company is working closely with the works council to implement these changes in the most socially responsible way possible. A transfer company is to be set up for this purpose.

“We are convinced that with these steps and the support of all those involved, we will find a viable solution for Kelheim Fibres,” concludes the management.