B2B Portal for Technical and Commercial Foundry Management
Languages
Firmen Nachrichten - VDMA Foreign Members - Con - Commercial

Knight Wendling assist with a Merger & Acquisition Project in securing Foundry Operation of Sakthi in Germany

In 2009 Knight Wendling was mandated by the administrator to find a suitable best strategic new owner candidate to take over the insolvent business of Sakthi Germany.


Click here to enlarge
Aerial photographs of Sakthi

Discussions and negotiations with various industrial and financial parties were held - but with the proposal from Dr. Schmitz-Cohnen to involve MAT Holdings Inc. Illinois / USA in the process, things started moving forward.

The result is that 700 workers in Neunkirchen/Saarland and Ueckermünde/Mecklenburg-Vorpommern – both Germany – remain to have their jobs and are saved from bankruptcy in Germany.

MAT signed the Assets Deal-Purchase Contract in March 2010 and has made a strong move into the Automotive Brake Parts Casting Business in Europe.

Knight Wendling congratulates all parties and wishes success upon the new formed activity.

For further information, please contact:
Klaus Schmitz-Cohnen
Managing Director - Knight Wendling
Fon +49 211 77006-65
Email:
info(at)knightwendling.de


 

 

Click here for more Information and Contact to Gemco Engineers B.V. - Knight Wendling GmbH in our Suppliers Profile

Youtube Linkedin Xing