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Eisenwerk Hasenclever & Sohn files for insolvency

Eisenwerk Hasenclever & Sohn GmbH in Battenberg filed for insolvency at Marburg Local Court today. Martin Mucha from the law firm GRUB BRUGGER was appointed provisional insolvency administrator.

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Eisenwerk Hasenclever & Sohn GmbH manufactures high-temperature-resistant exhaust components for well-known manufacturers and system suppliers in the international automotive industry. The company's products are also used outside the automotive sector, in particular for cylinder heads. Eisenwerk Hasenclever currently employs around 840 people. Eisenwerk Hasenclever & Sohn GmbH operates in a market that is currently experiencing turbulence due to global events. In addition, the simultaneous ramp-up of new customer projects has led to increased reject rates and an increased need for financing, which have contributed to the company's imbalance, among other things.

"Today I informed the staff about the insolvency application and am now getting an overview of the current situation. The necessary steps have been taken to ensure the continuation of business operations and thus also to secure supplies to customers," explains the experienced restructuring expert Martin Mucha, who was appointed provisional insolvency administrator by the Marburg district court.

About GRUB BRUGGER:
GRUB BRUGGER has been a law firm specialising in insolvency, restructuring and commercial law for over 50 years, operating nationwide from its offices in Stuttgart, Munich, Frankfurt a. Main and Freiburg i. Breisgau with a good 50 professionals. In addition to insolvency administration, insolvency administration and self-administration, GRUB BRUGGER advises companies in crisis as well as creditors. According to the JUVE Handbook of Commercial Law Firms 2022/2023, GRUB BRUGGER is once again one of the leading law firms in insolvency/reorganisation advice and insolvency administration/property administration. In the JUVE Handbook 2022/23, Grub Brugger was honoured as "Law Firm of the Year 2022" for insolvency and restructuring.

Martin Mucha is a specialist lawyer for insolvency law, partner at GRUB BRUGGER and, according to the JUVE Handbook of Commercial Law Firms 2023/2024, repeatedly one of the leading names in insolvency administration in Germany. Martin Mucha was also recently listed among the most renowned lawyers for restructuring in the WirtschaftsWoche ranking. This year, the Insolvency Law and Restructuring Working Group presented Martin Mucha with the AWARD 2023 "Self-Administrator of the Year". Handelsblatt recently named Martin Mucha Lawyer of the Year in the field of restructuring and insolvency law. Martin Mucha is
member of the German Association of Insolvency Administrators and Trustees (VID) and the Gravenbrucher Kreis.


More at www.grub-brugger.de

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