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Care chemicals firm Hansa Group files for insolvency

6:51 AM MDT | July 18, 2014

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

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