HAMBURG, Germany, June 17, 2021 (Press Release) -As an expert in the valuation and international sales of industrial assets, DECHOW has been assigned with the selling of the machinery and equipment for paper production of the traditional Zanders company in Bergisch Gladbach.
As a full-service company, DECHOW was already responsible for the inventory and valuation of the Zanders-Abwicklungs GmbH assets on behalf of the insolvency administrator. In addition to the international selling of all machinery and equipment, DECHOW also manages the dismantling as well as the handover of the commercial space to the city after project completion.
DECHOW will be in charge of the project for the next 18 months. The main tasks are the valuation, the international sale of the machinery and equipment as well as the dismantling and clearing of the industrial sites. DECHOW will be supported by Proserv International GmbH & Co. Kg and DECHOW's sister company Troostwijkauctions.
Zanders was founded in 1829 by Johann Wilhelm Zanders in Bergisch Gladbach near Cologne and operated as a family business for around 150 years. Zanders gained international fame with the launch of Chromolux - one of the world's leading paper brands.
The Zanders production facility served packaging manufacturers, printers and brand owners on an international level with at last around 380 employees and a highly impressive machine park. It also served manufacturers in the food, tobacco, pharmaceutical and cosmetics industries.
After the IPO, in 1980, repeated adjustments were made to the company's corporate structure. In June 2018, the company had to file for bankruptcy. Although a Scandinavian investor group took over the company on 1 December 2018, which has since been trading under the name Zanders Paper GmbH again, operations had to be shut down for good in April 2021.