The German papermaker has been badly hit by the impact of the Covid-19 pandemic, which resulted in a significant decline in sales of its papers.

Zanders entered a form of administration in March and attempted to reorganize, but this has proved unsuccessful.

As a result, operations ceased at the end of last month, and existing orders will not be completed. In a statement, provisional insolvency administrator and Doctor of Law Mark Boddenberg said: “It is with great regret that we have to inform you that the business operations of Zanders Paper GmbH have been discontinued as of 30 April 2021.

“As a customer, you must assume that you will no longer receive open orders. We will inform you about the sale of remaining paper stocks in a timely manner, insofar as possibilities exist”.

Published in Inside the Business

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