Scheufelen understood to be winding up (

Insolvent German paper mill Scheufelen is being wound up, according to German media reports.

The Lenningen-based company filed for insolvency in February, seven months after it was resurrected as Scheufelen GmbH after securing investment from Berlin-based Green Growth Fund 2/Wermuth Asset Management, Hamburg-based Nordia Invest and Scheufelen Equity Partners.

The company’s predecessor Papierfabrik Scheufelen had filed for insolvency at the end of January 2018.

The German press has now reported that Scheufelen GmbH is being wound up, with 75 of its remaining 95 staff let go on 1 May, the day that wages and salaries of the staff were understood to have been secured until.
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