Brand manufacturer of toilet paper Hakle is insolvent. The company applied for insolvency proceedings under self-administration. FOCUS online says what that means for your purchase and why you don’t have to hamster.
The Düsseldorf toilet paper manufacturer Hakle has become a restructuring case due to the sharp rise in raw material and energy costs. A few days ago, the company filed for insolvency proceedings under self-administration.
Hakle is one of the market leaders among toilet paper suppliers in Germany. The company sells Hakle or Hakle Feucht branded products. The company also sells Dick kitchen rolls
Unlikely.
Hakle has filed for bankruptcy under self-administration. So business goes on. In addition, employee salaries will be secured by the Federal Employment Agency’s insolvency allowance until November 2022.
Hakle still has to introduce cost-cutting measures and may also have to change production. Production of certain types of toilet paper that are not selling well is usually discontinued.
It is unclear which products these are. A purchasing manager of a large German discounter explained in an interview with FOCUS online that at least for the classic toilet paper rolls from Hakle there is no danger for the time being. “The company has pledged to continue to deliver.”
This is also confirmed by the company itself. “Self-administration offers us the necessary flexibility and speed to reorganize our business sustainably and to reposition it entirely in the interests of our employees, customers and creditors,” says Hakle boss Volker Jung.
Insolvency administrator Jan-Philipp Hoos is now accompanying the restructuring. According to information from FOCUS online, the management of Hakle remains on board. In recent years, Hoos has, among other things, accompanied the insolvency administration of the automotive supplier GEMO. The company has now been sold to a Chinese company.
This is not a good idea and there is no reason for it.
Hakle will remain on the shelves of supermarkets and discounters. At least the classic and popular products from Hakle, Hakle Feucht and Dick
The situation on the paper market is still more than tense. The industry is currently looking at the gas situation in Germany with suspense. “In the hygienic paper production process, we are particularly dependent on gas. In the event of a loss, we can no longer guarantee the security of supply,” warns Martin Krengel, Vice President of the “The Paper Industry” association.
Many manufacturers are also struggling – like Hakle – with rising energy and paper prices.
If customers were to hoard toilet paper again, as they did during the Corona crisis in early February 2020, manufacturers would have to calculate with significantly higher production costs. They would have to provide supplies faster than planned. That would lead to a short-term bottleneck and further bankruptcies.
High inflation and increased energy prices are causing the price of toilet paper and kitchen roll to explode. Several manufacturers have adjusted their prices in view of the increased production costs.
In view of the tense energy crisis and the higher transport costs, experts expect further price adjustments.
FOCUS online advises: consumers should definitely pay attention to discounts and vouchers.
Supermarket prices are skyrocketing, but furniture, clothing, shoes and other consumer goods are also becoming more expensive. As a retail expert, I know the tricks of the trade and tell you how you can save money for you and your family every month when shopping. Would you like to talk to me about your savings tips and tricks? Did you notice anything while shopping? Then send an e-mail to Konstantinos.mitsis@burda-forward.de with your name and phone number
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