Heubach GmbH, a global provider of color solutions, has filed for insolvency due to over-indebtedness in the face of rapidly changing financial markets. The company, which acquired Clariant's pigments business in 2021, is working to meet its obligations to employees, customers, and suppliers while exploring restructuring and sale options.

The insolvency proceedings were initiated with the Braunschweig insolvency court, which is expected to appoint an administrator to examine the possibility of continuing business operations and potential restructuring or sale options.

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