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Care chemicals and detergents player Hansa Group files for insolvency

7:39 AM MDT | July 10, 2014 | Natasha Alperowicz

Hansa Group (Duisburg, Germany) an integrated European supplier of care chemicals for detergents, cleaning agents, and body-care products, said on Wednesday that it had filed for insolvency under its own management after reviewing future restructuring options. The company says it expects the insolvency court to act rapidly to appoint a provisional administrator. The decision follows Hansa’s announcement on 7 July that an agreement to reduce the financial liabilities of the group cannot be fully implemented as planned.   The management board has...

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