The transfer of the two production sites is planned for April 1, 2021, but is still subject to the occurrence of various conditions. The transaction includes fixed and current assets as well as the company's intangible assets. The seller and buyer have agreed not to disclose the purchase price and the general economic conditions. The sale, unanimously approved by the creditors' committee yesterday, offers a safe prospect for the two works.
"We are pleased that, despite the difficult situation, we have now found an ideal partner for Roding and Plauen in Albert Weber", says insolvency administrator Marcus Winkler, partner at the firm WINKLER GOSSAK, which specializes in restructuring and reorganization.
Weber takes over all 110 jobs in Roding. Of the last 126 employees in Plauen, however, only 63 employees can continue to be employed in the course of the transaction. Winkler will now coordinate closely with the employee representatives in order to find socially acceptable solutions for the employees concerned.
“We are very happy to welcome our new colleagues. Our industry is in the midst of a major change that needs a solid basis. The acquisition of the Schweizer Group represents a strategic milestone for us in order to position ourselves strongly as a system supplier. Since the quality standards and the technological thinking of both companies go well together, we decided to take this step despite the difficult framework conditions. We have the utmost respect for the know-how of the team and were able to gain extremely positive experience in cooperation as a customer. The upcoming transformation will be an enormous challenge over the next few years and decades, and with the integration of the Schweizer Group, we see ourselves ideally positioned for this,” says Dr. Roger Breu, managing director of Weber Holding GmbH.
IG Metall Regensburg and the works council at the Roding site welcome the fact that, despite the difficult economic situation, the two sites will continue and that there will be prospects for the region.
The employees were informed today about the current status and how to proceed.
Background:
The Schweizer Group Global GmbH filed for insolvency proceedings at the end of January 2020. On April 1, 2020, the Göppingen District Court, as the competent bankruptcy court, opened insolvency proceedings against the Schweizer Group Global GmbH from Hattenhofen. The Stuttgart lawyer Marcus Winkler was appointed as insolvency administrator. He was previously with the company as preliminary insolvency administrator. The international investor process was carried out by the M&A team of the consulting firm Roland Berger, commissioned as financial advisor, under the direction of Senior Partner Dr. Jörg Eschmann carried out. The closure of the Hattenhofen and Murrhardt sites due to unprofitable production processes was announced at the end of last year. Production there is running.
