Business · Companies · 9 hrs ago
Düsseldorf paper maker Jung Papier files for insolvency again
Düsseldorf-based Jung Papier has filed for insolvency again, its second insolvency in a few years.
The family business took over the Reisholz factory after Hakle went bankrupt in 2022 and now makes toilet paper, kitchen rolls and other hygiene products.
High energy, raw-material and staff costs have added to pressure from excess production capacity and sales below the company’s target.
The company is seeking to restructure under court-supervised self-administration, which lets its current management remain in control.
Production is continuing, and wages for all 155 employees are secured through January 2027 using insolvency benefits.
The factory is more than 120 years old, but its long-term future is uncertain.
Investor talks and restructuring plans are next as the company seeks a lasting solution for the factory, its workers and customers.
Jung Papier, the former Hakle paper maker in Düsseldorf, has filed for insolvency for the second time in a few years.
The company says production will continue without interruption while it pursues restructuring under court-supervised self-administration.
It cites rising energy, raw-material and personnel costs as reasons for the renewed crisis.
The company has 155 employees, whose wages are secured through insolvency benefits until the end of January 2027.
Jung Papier plans to continue talks with potential investors and seek a long-term future for the business.
- Who
- Jung Papier GmbH, formerly known as Hakle.
- What
- The company has filed for insolvency and aims to restructure under self-administration.
- When
- It filed its application late the previous week, according to T-Online; reports were published on November 2 and 3, 2026.
- Where
- The paper factory is in Reisholz, Düsseldorf, Germany.
- Why
- The company cites rising costs for energy, raw materials and personnel, as well as a difficult market situation.
This story does not have two clearly opposing sides.
Hakle, then operating as Hakle GmbH, filed for insolvency.
The Jung family took over the Düsseldorf site and continued operations under the Jung Papier name.
Sofidel moved Hakle production to its own factories after the Düsseldorf site had produced Hakle goods.
Jung Papier filed for insolvency, according to T-Online.
Reports said the company had entered insolvency proceedings and that production would continue.
- Employees
- 155
- Wage support
- Secured through insolvency benefits until January 2027
- Factory location
- Reisholz, Düsseldorf
- Provisional insolvency monitor
- Christian Holzmann of Brinkmann & Partner
- Previous insolvency
- September 2022, when the company was still Hakle GmbH
3 sources
What people are saying
The business operations of our family company are continuing without interruption.
Self-administration gives us the opportunity to stabilize business operations and continue talks with investors in a targeted way.
It is now being examined how things can proceed.