Nynas successfully exits reorganisation
The District Court of Södertörn has decided that the Nynas company reorganisation is now complete, following a creditors meeting where the previously submitted composition proposal was accepted.
“I am happy to announce this very important step for Nynas and that we are now exiting the reorganisation that has been ongoing since December last year. Together with our loyal customers and suppliers, we will vigorously move forward and continue to develop our business in all our global markets. We are ready to take back lost market share and more,” says Bo Askvik, Nynas President & CEO.
The court's decision will be effective on 21 December, and thereafter Nynas will no longer be limited by the reorganisation regulations.
"The situation that Nynas has found itself in due to the reorganisation has placed tough demands on all parties involved, and intolerable pressure on our staff. Our brand is still strong, and this is the result of efforts made by all the loyal and hardworking staff in Nynas. I would also like to express that we are sincerely grateful for the support received from our customers and suppliers. Our partnerships truly go beyond mere commercial transactions," says Bo Askvik.