Chemical Week Magazine :: Newsbriefs
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 companyâ€™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 Hansaâ€™s announcement that an agreement to reduce the groupâ€™s financial liabilities cannot be fully implemented as planned. Hansaâ€™s board has reviewed the restructuring options available and...
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