Zanders takeover confirmed

Zanders will be taken over on 1 December 2018 by the new Zanders-Paper GmbH, and will continue to produce speciality papers and boards in the future.

Dr. Marc d’Avoine, insolvency administrator at Zanders, announced the successful conclusion of the negotiations: “We are pleased that the acquisition will be made by paper professionals who are already very successful in the industry. The continuation of paper production at Zanders is thus assured. All know-how carriers remain on board,” he said.

According to d’Avoine, Terje Haglund and his team will soon introduce themselves to the public. The takeover by a partner already working in paper production is the best possible solution for Zanders: “Thanks to the know-how on both sides, there are very good prerequisites for securing the Bergisch Gladbach location for the long term,” he continued.

Business operations will continue with around 300 employees, and around 150 employees will have to leave the company.

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