Investor Withdraws From Insolvent Baiersbronn Frischfaser Karton

The investor process for insolvent Baiersbronn Frischfaser Karton GmbH has suffered a setback after a potential investor decided not to pursue the planned transaction. The future of the company and its Baiersbronn site is now uncertain.

According to the company, the parties involved had worked over the past several weeks on a solution for Baiersbronn Frischfaser Karton and the site. However, no agreement was reached with the potential investor. The company attributed the development to continued difficult economic and sector-specific conditions.

Further steps under review

An investor process had been initiated as part of the insolvency proceedings, which the company announced in mid-July. Following the withdrawal of the potential investor, management and the insolvency administration must now seek a new perspective for the business.

The company has not disclosed the specific consequences of the investor's withdrawal for ongoing operations or employees. It said the next steps would be determined at short notice and in close consultation with all stakeholders.

Baiersbronn Frischfaser Karton GmbH is part of the Folbb Group and produces virgin fibre cartonboard at its Baiersbronn site.