Major café supplier Paardenkoper goes bust; 700 jobs at risk
The Koninklijke Paardekooper Group has collapsed. The court of Rotterdam declared the packaging producer bankrupt on Friday, after it filed for suspension of payments earlier this week. The bankruptcy leaves 700 people without a job.
The court appointed a bankruptcy administrator to investigate how to proceed.
Paardekooper manufactures packaging for a wide range of sectors. It supplies film for the industry, trays for the hospitality industry, and packaging for shops and offices, NOS reports.
Paardenkoper has offices in Amsterdam, The Hague, Rotterdam, Barendrecht, and Beverwijk. It employs approximately 700 people in the Netherlands and Belgium, all of whom will now be out of work.
The company was founded in 1919 and operates in over 75 countries. The company was granted the Koninklijke [Royal] designation in 2019 when it celebrated its centenary.
