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New investor for BISCHOFF steel foundry

Michael Mönig from MÖNIG Wirtschaftskanzlei (Münster) succeeds in the transferring reorganization only three months after the opening of the insolvency proceedings.

Pressemitteilung | Reading time: min | Bildquelle: BISCHOFF

It is reported that the Krefeld-based HAUFFE group of companies could be won as an investor.

"The search for an investor, which we started immediately after the initiation of the proceedings, is now today with the handover of the business operations to the purchaser," says a pleased Michael Mönig. "And the fact that, despite all the challenges that the foundry industry has industry for years, almost all employees have been transferred to the buyer is certainly not a matter of certainly not a matter of course. My thanks go above all to the BISCHOFF management team, without whose trust BISCHOFF  would not have been able to realize this solution," adds the insolvency administrator.

"In addition to the BISCHOFF management team, we were particularly impressed by the foundry's range of products and services.  The high-quality steel and stainless steel products perfectly complement the range of our group of companies perfectly," adds Wolf D. Hauffe. "Together with our trading business for cast and forged products made of iron, steel and stainless steel and  supplemented by our services in the areas of ADI heat treatment, mechanical machining and coating, we can now offer our industrial customers ready-to-install parts and assemblies not only from a single source, but also, on request, entirely from our own German production on request.

For the BISCHOFF company, which will operate under the name of BISCHOFF-WERKE in the future, a phase of uncertainty lasting several years is coming to an end. The company was already in insolvency proceedings  in 2015, whereby the investor solution found at that time, which was proved to be unsustainable. With the integration into the HAUFFE group the signs are set for stabilization and growth. which will ultimately also benefit customers, employees and suppliers.

The insolvency administrator had entrusted the structuring and execution of the investor process to the MENTOR AG from Trier, which specializes in special situations. In addition, the insolvency administration was supported by the Greven-based BURK AG in the management of the operational after the former managing partners were no longer available to the company.


About BISCHOFF

As a certified foundry, BISCHOFF produces steel and stainless steel products of the highest quality.

For over 100 years, the company has been producing castings, especially from high-alloy materials, with a unit weight of 0.5 kg to over 4,000 kg. In the recent past, the company has also positioned itself as a specialized trading house for cast steel products in order to offer its customers high-quality products and their further processing in line with their needs in view of changing market conditions. The company employs around 45 qualified staff.

www.bischoff-guss.de

About the law firm Mönig Wirtschaftskanzlei

The insolvency administrator Michael Mönig is the founding partner and name partner of the nationally active law firm Mönig Wirtschaftskanzlei. With around 20 professionals and 50 employees, the law firm represents 50 employees in eight offices nationwide, the firm represents its clients in all areas of commercial law. The firm specializes, among other things, in reorganizations, restructurings, insolvencies and corporate law. The experts at Mönig Wirtschaftskanzlei are regularly mandated with the restructuring of companies in a wide range of sectors and are appointed by the courts as insolvency administrators and trustees.

www.moenig-wirtschaftskanzlei.de 

About the HAUFFE Group

The HAUFFE group of companies, based in Krefeld, comprises Hauffe & Kämper GmbH (supply of iron, steel and stainless steel castings as well as forged material of small weights up to up to 35 tons in individual and series production), Brauer Fertigungstechnik GmbH (ready-to-install machining of complex workpieces as a contract manufacturer), ADI Technik GmbH (heat treatment of standardized ADI materials in accordance with EN 1564) and Brauer Fluid-Technik Fluid-Technik GmbH (construction and repair of hydraulic and pneumatic cylinders, general machine elements and assembly of entire plants).

www.hauffe-kaemper.com 

About MENTOR AG

MENTOR AG is an owner-managed consulting and auditing company. For about 25 years the areas of crisis, restructuring and insolvency. In addition to for courts, creditors' committees and administrators, MENTOR AG is active in the fields of MENTOR AG is active in the areas of distressed M&A and succession planning.

www.mentor.ag

About BURK AG

BURK AG is a management consultancy focusing on crisis management and consulting, insolvency support and restructuring. and restructuring, which assists administrators and entrepreneurs in the management of and entrepreneurs in the management of operational business.

www.burk.ag