The Emsdetten-based lawyer Holger Domeyer from the law firm ALPMANN FRÖHLICH was appointed as provisional administrator, and the insolvency law advice to TEUTOGUSS is provided by lawyer Eric Coordes from the Münster-based MÖNIG Wirtschaftskanzlei. Following the stabilisation of the business operations, the management has now initiated a structured and open-ended search for investors: "The clear objective is the continuation of TEUTOGUSS' business operations at the current location," explains Ralf Köper in his function as managing director. "In this context, we can imagine various restructuring options, also involving the sister company Teuto Ofen GmbH & Co. KG."
"Our focus in the search for investors is on strategic investors, for example from the machine casting sector, for whom TEUTOGUSS, as a classic hand-moulding company, could represent a sensible addition. Industrial processors of cast and forged parts in the sense of strategic insourcing are also conceivable," adds Uwe Borgers from MENTOR AG, which was commissioned with the implementation of the investor search.
TEUTOGUSS produces and supplies high-quality hand-moulded castings in individual production and small series in a range from 200 kg to 15,000 kg. The customer structure is mainly characterised by mechanical and plant engineering.
Active interested parties can contact MENTOR AG directly for further information. Contact persons are Uwe Borgers (uwe.borgers@mentor.ag) and Sebastian Schmitt (sebastian.schmitt@mentor.ag).
About TEUTOGUSS
TEUTOGUSS produces and supplies high-quality hand-moulded castings in individual production and small series in a range from 200 kg to 15,000 kg. The customer structure is mainly characterised by mechanical and plant engineering. The company currently employs 47 people, with all stages of the value chain, including fettling and coating, being handled by the company's own staff.
About ALPMANN FRÖHLICH
With 46 lawyers and offices in Münster, Emsdetten and Rheine, the law firm ALPMANN FRÖHLICH Rechtsanwalts GmbH provides legal advice in all areas of law relevant to medium-sized businesses. The focus is on commercial law. This includes, among others, the areas of commercial and corporate law, labour law and insolvency law. Holger Domeyer, who is based in Emsdetten, is regularly appointed as insolvency administrator and trustee.
About MÖNIG Wirtschaftskanzlei
MÖNIG Wirtschaftskanzlei is a nationally active law firm with around 20 professionals and 50 employees in eight offices representing its clients in all areas of commercial law. The firm specialises, among other things, in reorganisations, restructurings, insolvencies and corporate law. The experts of MÖNIG Wirtschaftskanzlei are regularly appointed as insolvency administrators and trustees.
www.moenig-wirtschaftskanzlei.de
About MENTOR AG
MENTOR AG is an owner-managed consulting and auditing firm. For around 25 years, its activities have focused on the areas of crisis, restructuring and insolvency. In addition to nationwide auditing activities for courts, creditors' committees and administrators, MENTOR AG is active in the areas of distressed M&A and succession planning.
