Hygiene paper manufacturer Hakle is insolvent

Photo: Hakle

The German hygiene paper manufacturer Hakle is insolvent, and has has begun the process of reorganizing itself with the help of self-administration proceedings.  

In the insolvency proceedings, the business operations of the medium-sized company are to be continued in full. "The self-administration offers us the necessary flexibility and speed to sustainably restructure our business and to reposition it entirely in the interests of our employees, customers and creditors. We are confident that this reorganization will succeed in this challenging situation of an energy crisis that can be described as historic, and that we will be able to continue to develop in a future-oriented manner thanks to the tireless efforts of our employees and our strong innovative strength. It's about preserving the site and its jobs," says Volker Jung, Managing Director of Hakle GmbH.

« Current energy and material prices drove the company into a corner. The tradition-rich company was caught in the maelstrom of current events: The energy-intensive paper industry has been subject to severe distortions in the global raw materials, logistics and energy markets since the start of the Corona 2020 pandemic. For three years now, companies have been struggling with sharply increased challenges - especially in the gas and electricity sectors. This has been the case since around fall 2021, with an intensification of the situation since the start of the war in Ukraine that can be described as historic.

It has not yet been possible to pass on the massively increased costs for material and energy procurement and transport to customers in the food retail and drugstore sectors to a sufficient extent in terms of time and/or economic efficiency », Hakle writes in a press release.