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Eisenmann Pushes Strategic Reorientation in Insolvency
Eisenmann SE filed a petition for the opening of insolvency at Stuttgart District Court with the aim of accelerating the restructuring and strategic reorientation of the Eisenmann Group, which began in March 2019. Applications were also submitted to Eisenmann Anlagenbau GmbH & Co. KG, Eisenmann Lactec GmbH and ENisco GmbH & Co. KG.
The owner and management of the Eisenmann Group initiated the restructuring and strategic reorientation of the company in March 2019. The acquisition and completion of various major projects in 2018 had led to a large year-on-year loss.
”We are convinced that we can shoulder the growing risks and capital requirements in our systems business together with an industrial partner and exploit our full potential more quickly. That’s why we’re looking for a strategic partner for our Paint & Assembly (PA) and Application Technology (AT) businesses. First interested parties have already registered”, said Dr Michael Keppel, Chief Restructuring Officer of Eisenmann SE.
