Heubach GmbH, global supplier of color solutions and part of the Heubach Group, has filed an application for the opening of regular insolvency proceedings over its assets with the competent insolvency court in Braunschweig, Germany.

The court is expected to appoint an insolvency administrator to examine the possibility of continuing business operations and possible options for restructuring and/or selling the business in due course.

With the step announced, the Group is reacting to the threat of over-indebtedness in the context of rapidly changing financial markets of the past two years and the unsuccessful attempt of achieving a financial restructuring with all shareholders and lenders.

The pigments and preparations produced by Heubach serve various applications, from interior and exterior paintings to car coatings and coil coatings as well as plastics coloration, corrosion protection, pharmaceuticals and seed colorings.

Heubach GmbH, global supplier of color solutions and part of the Heubach Group, has filed an application for the opening of regular insolvency proceedings over its assets with the competent insolvency court in Braunschweig, Germany.

The court is expected to appoint an insolvency administrator to examine the possibility of continuing business operations and possible options for restructuring and/or selling the business in due course.

With the step announced, the Group is reacting to the threat of over-indebtedness in the context of rapidly changing financial markets of the past two years and the unsuccessful attempt of achieving a financial restructuring with all shareholders and lenders.

The pigments and preparations produced by Heubach serve various applications, from interior and exterior paintings to car coatings and coil coatings as well as plastics coloration, corrosion protection, pharmaceuticals and seed colorings.