The Supervisory Board of Pfleiderer AG has agreed to the closure of the particleboard plant in Ebersdorf and the MDF plant in Nidda, as proposed by the Executive Board.

The closures will affect around 300 employees at the locations concerned and in the administrative offices in Neumarkt and Gütersloh.

While alternative continuation concepts for Ebersdorf were rejected as non-expedient, alternative usage possibilities are still being sought with possible strategic investors, irrespective of the discontinuation of MDF production in Nidda.

“This is a bitter decision for those concerned, but regrettably unavoidable in view of the substantial over-capacities for particleboard and MDF in Europe,said Hans H. Overdiek, chairman of the Executive Board of Pfleiderer AG.