Knitting Industry
 
 
| | | | | | | | | | |
 
Print article
  Home > Industry Talk
 

DyStar files for insolvency of German operations

29 September 2009, Frankfurt - DyStar Textilfarben GmbH, DyStar Textilfarben GmbH & Co. Deutschland KG as well as DyStar Holdings GmbH, global providers of dyes, auxiliaries and services for the textile and leather processing industry, announced that they have filed an insolvency petition yesterday with the Local Court Frankfurt am Main for the company’s business operations located in Germany.

DyStar’s insolvency filing includes the company’s sites in Frankfurt, Leverkusen, Brunsbüttel, Geretsried, and Ludwigshafen, which combined employ about 1,300 people. Following DyStar’s petition filing, the Local Court in Frankfurt am Main appointed Dr. Stephan Laubereau of Pluta Rechtsanwalts GmbH as preliminary insolvency administrator over the estate of DyStar Textilfarben GmbH & Co. Deutschland KG and Miguel Grosser of JAFFÉ Rechtsanwälte Insolvenzverwalter as preliminary insolvency administrator over the estate of DyStar Textilfarben GmbH. The preliminary administrators are meeting with DyStar management at the registered offices of DyStar Textilfarben GmbH & Co. Deutschland KG and DyStar Textilfarben GmbH in Frankfurt am Main/Höchst to analyse the actual situation.

The insolvency filing became necessary after the companies exhausted alternative solutions to address their liquidity pressures.

 

Alerts
Click here to receive email Alerts from this news category

 

More Industry Talk News
Report: India Textile and Apparel Trends 2009
Fashionable knitwear boosts sales for golf wear firm
Knitwear Sourcing Monitor 2011
Knitting Industry online Machinery & Equipment Guide
Stylesight F/W 10 Children's Runway Wrap
Quick site guide
Swiss knit brand targets London Olympics
Scottish knitwear manufacturer bought by coat manufacturer
Groz-Beckert - Building for the Future
Yeşim CEO represents Turkey at International Apparel Federation
Most Read News
Falke ergonomic sports apparel/ underwear innovations Fall/Winter 2008/09
Textile machinery shipment statistics for 2008
DyStar files for insolvency of German operations
Uniqlo could double knitwear imports from Bangladesh
Bangladesh expects record numbers of knit buyers


Newsletter




Home | About KnittingIndustry.com | Advertise with us | Links | Contact Us RSS Feed