On 11 July 2019, Draka Polymer Films (Enkhuizen / The Netherlands; www.drakapolymerfilms.com) entered bankruptcy proceedings. Hilco Industrial (Amsterdam / The Netherlands; www.hilcoind.com) acquired the company’s assets on 26 July, including machinery and equipment, raw materials and intellectual property rights. The site, which has been calendering PVC for office supply films since 1965, will now be dissolved by the specialist for the disposal of industrial assets.

Draka was in the news in autumn 2018 when Renolit (Worms / Germany; www.renolit.com) announced the takeover of the company, which was already then in difficulties – see Plasteurope.com of 19.09.2018. However, the planned deal did not go through, having been called off by Renolit in January 2019, as Plasteurope.com has now learned. The reason given at that time was that the review process by the competition authorities would take too long. As a result, Renolit’s original plans for renovating the plant no longer applied. This latest development shows that the German was evidently right.