Although the purchase agreement had already been notarised, essential closing conditions were not met — most notably the absence of binding volume commitments from several key customers for 2026. As a result, the investor was forced to withdraw, as a sustainable business model could no longer be secured.

Despite broad support from the majority of customers and restructuring measures already implemented, the current binding order intake remains insufficient to economically justify the continuation of operations beyond 31 December 2025. Kelheim Fibres is therefore preparing for an orderly phase-out of production.

At the same time, the company is assessing whether a limited continuation of production in 2026 — for a restricted period and reduced volume — may still be feasible if additional binding customer commitments are received promptly. Customers have been asked to provide final confirmations, which will serve as the basis for deciding whether operations can continue into the new year and to what extent.

The workforce and the Works Council were informed about the current situation and possible scenarios on Monday, 24 November 2025.

In its announcement, the company expressed deep gratitude to its employees for their exceptional dedication and long-standing loyalty:

Their engagement through challenging times has shaped the company and safeguarded its values, quality, and continuity. Kelheim Fibres regrets the need to consider ceasing operations and acknowledges the professionalism and commitment shown by all employees.

The company emphasised that it will work closely with the workforce to find fair solutions and provide support during the transition to new opportunities.