V-tab went bankrupt just before Easter

The big Swedish print firm V-tab went bankrupt just before Easter. In the bankruptcy petition, the company states that it is no longer in position to pay its debts, and as a consequence the firm files for bankruptcy. 

V-tab, which first and foremost is known for its roll offset business, has plants in Jönköping (Sign), Vimmerby (cold set+heatset), Falkenberg (Sheet-fed offset), Västerås and Stockholm. All locations and companies have been decleared bankrupt.

V-tab has unpaid taxes of more than 100 million SEK after the pandemic, and total debt is estimated to be as high as 275 million SEK, according to the news site Journalisten.

“The bankruptcy estate is up for sale”

Lawyer Jörgen Wistrand, Wistrand Advokatbyrå Göteborg KB, has been appointed as bankruptcy trustee. He confirms to Branschkoll that the estate is now up for sale.

“We are trying to reconstruct the business and to find a new owner who can take the company into the future – either the entire business or parts of it,” says Wistrand.

Wistrand also stresses that the process has to be quick, as the company’s clients make up the value in the estate.

“Our ambition is to find some one that can take over the companies in the group. If there are some interested parties out there, then this is the way we want to go,”  Wistrand continues.

Wistrand also claims that the first interested parties already have been in touch with him during the first days after the bankruptcy.

“This is in many ways a well-functioning business so we believe there are some interested players out there that can see the potential,” Wistrand ends.