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Kelheim Fibres GmbH: Strategic Realignment and Acquisition by LEO III Fund

Kelheim Fibres GmbH has signed a notarial purchase agreement with Munich-based financial investor LEO III Fonds, exclusively advised by DUBAG Group, as part of its ongoing self-administered insolvency proceedings. The signing took place on November 5, 2025, with the completion of the transaction scheduled for January 1, 2026.

This planned transaction marks a significant step toward the sustainable securing and further development of the Kelheim site. The new owner intends to invest specifically in production infrastructure, efficiency improvements, and innovation to strengthen the long-term competitiveness of the Kelheim location. The company’s strategy will continue to prioritize high product quality, while also focusing on reliability of supply, which has been consistently strengthened following the challenges of recent years.

As part of the successful strategic realignment implemented since the beginning of the year, Kelheim Fibres will increasingly focus on its trilobal hygiene fiber Galaxy®, renowned for its outstanding functional properties and sustainable material base. The product portfolio is further complemented by high-performance viscose fibers used in demanding applications, including hygiene products. All Kelheim Fibres products are biodegradable and strictly certified.

The completion of the transaction is subject to standard suspensive conditions, including the securing of robust, long-term supply agreements with key business partners. Kelheim Fibres and DUBAG Group are in close dialogue with all relevant stakeholders, particularly customers, to create the conditions for a successful transition to the new owner and actively shape the company’s future.

DUBAG Group brings extensive experience in successfully managing complex corporate transitions. A recent example is the acquisition of TRUMPF’s 3D printing business division by LEO III Fonds, where trust was restored among uncertain customers in a challenging environment, and a future-oriented realignment of the business was established. With this expertise and a clear focus on sustainable value creation, DUBAG Group is a reliable partner for the next phase of Kelheim Fibres’ development.



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Kelheim Fibres GmbH informs about the closure of operations

The management of Kelheim Fibres GmbH informs that business operations will be terminated as of 31 March 2026. A continuation of the company beyond this date is not possible. The investor and sales process conducted within the framework of the self-administration did not lead to a positive outcome. The potential strategic investor who most recently entered the process has withdrawn from a potential investment at short notice.

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Investor withdrawal forces Kelheim Fibres to assess future operations

Kelheim Fibres GmbH has confirmed that the planned transaction within its ongoing self-administered insolvency proceedings has failed. The intended sale to the Munich-based LEO III Fund, advised by the DUBAG Group, could not be completed despite extensive efforts.

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Kelheim Fibres on track for the future

Kelheim Fibres GmbH, a global leader in specialty viscose fibre solutions, has successfully completed an internal restructuring and sharpened its focus on core product segments following its October 2024 insolvency filing. This has enabled the company to return to a sustainable business model, with a firm commitment to continue on this path.

#Yarn & Fiber

Kelheim Fibres GmbH: Insolvency proceedings opened in self-administration – focus on sustainable restructuring and securing the future

By order of the Local Court of Regensburg dated January 1, 2025, insolvency proceedings were opened against the assets of Kelheim Fibres GmbH and self-administration was ordered. The management remains fully capable of acting within the framework of the proceedings ordered by the court and is supported by the law firms Advant Beiten and Brinkmann & Partner. Attorney Michael Verken was appointed as trustee.

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North and Central American yarn producers launch YarnProof™ for supply chain traceability

The new industry initiative uses FibreTrace® technology to physically verify the origin of polyester filament yarn, supporting compliance with regional trade agreements and strengthening transparency across textile supply chains.

#Recycled Fibers

Eastman Naia™ highlights circularity and responsible sourcing at Textile Exchange 2026

Scaling sustainable practices across businesses, supply chains and landscapes is one of the defining challenges facing the textile industry. At the 2026 Textile Exchange Conference, held October 12–16 in Vancouver under the theme “The Implementation Era,” Eastman Naia™ showcased how its commitments to circularity, responsible sourcing and forest conservation translate into practical action.

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ADVANSA's ALLERBAN®+ receives Allergy UK Seal of Approval

The biocide-free fibre technology ALLERBAN®+ has received the Allergy UK Seal of Approval, adding to the existing recognition of ADVANSA's ALLERBAN® technology for dust mite allergen protection.

#Recycled Fibers

Toray develops Polyester-Nylon fiber containing at least 93% recycled material by mass

Toray Industries, Inc., announced today that it has developed a polyester-nylon fiber with at least 93% recycled content by mass, based on the total weight of the raw yarn. This percentage applies to the newly developed raw yarn and does not represent the recycled content of the finished fabric or garment.

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