Hygiene Paper Manufacturer Jung Papier Files for Insolvency Proceedings Under Self-Administration

“Business operations at our family-owned company are continuing without restriction,” explained Managing Director Volker Jung in a statement. According to the statement, funding for ongoing operations is secured for the foreseeable future. The wages and salaries of the 155 employees will be financed through insolvency payments through January 2027. During the proceedings, Dr. Marc Oberhardt of the consulting firm RSM Ebner Stolz is supporting the company as a restructuring expert. The Local Court appointed attorney Dr. Christian Holzmann (Brinkmann & Partner) as provisional administrator.

Discussions with investors are to continue
The goal of the self-administration process is the sustainable continuation of the company. To this end, Jung Papier intends to build on discussions already held with investors while simultaneously opening the sale process to additional interested parties. “Self-administration gives us the opportunity to stabilize business operations and continue discussions with investors in a targeted manner,” said Jung. The goal is to create long-term prospects for the location, the employees, and the customers. Production, procurement, and sales are to continue during the proceedings.

Already the second insolvency in the company’s history
Jung Papier emerged from the former Hakle GmbH. Following Hakle’s insolvency in September 2022, the company was renamed Jung Papier GmbH in July 2023. The production site in Düsseldorf-Reisholz was retained, while the trademark rights to Hakle were sold to the Italian tissue manufacturer Sofidel.

At the paper mill in Reisholz, Jung Papier has been producing toilet paper, paper towels, facial tissues, moist hygiene wipes, and parent rolls for the European market since 2023. According to the company, it generated preliminary annual revenue of approximately €70 million in fiscal year 2025.