Kirchheim/Teck, 24 August 2018. Blitz S18-209 GmbH, a subsidiary of the Austrian Eberspaecher Tageslichttechnik GmbH registered in Au am Leithaberge is taking over the assets of the insolvent Eberspaecher Glasbau GmbH based in Kirchheim/Teck as of the 1st of October 2018. Relevant contracts have been signed by insolvency administrator Marcus Winkler and Blitz S18-209 GmbH company representatives.
In the course of a transferred restructuring the fixed and current assets, including the company real estate, are transferred to the purchasing party. The take over is still subject to approval by the board. Both parties agreed not to disclose information on the purchasing price and economic conditions.
Through the sale Marcus Winkler managed to secure the site in Kirchheim/Teck as well as the approximately 30 remaining jobs. Restructuring expert Mr. Winkler says: “We are happy to have found an industry experienced buyer who can provide a new perspective to the workforce.” Since filing for insolvency, the company’s operations have continued uninterrupted under Mr. Winkler’s leadership.
The buyer stated that it wants to utilize synergies and continue business operations. “We are happy that we have the opportunity to lead EGLA and its experienced workforce into a bright future. Our clients will be able to access broader and improved product and service offerings”, states engineer Harald Weiskirchner, managing director of Blitz S18-209 GmbH.
The employees have been informed about the steps ahead. The international investor process was lead by Falkensteg GmbH based in Frankfurt am Main.
The managing directors of Eberspaecher Glasbau GmbH filed for insolvency at the district court in Esslingen in March 2018. On 1 June 2018 the court appointed attorney Marcus Winkler from BBL as insolvency administrator. BBL is a law firm with offices nationwide. Prior to this appointment he was the preliminary insolvency administrator of the company.
About Eberspaecher Glasbau GmbH
Eberspaecher Glasbau GmbH based in Kirchheim unter Teck specializes in the planning, production, sales and the installation of glass construction components of all types made of metal and synthetics. Service and maintenance offers derived from aforementioned activities, as well as modernization and renovation of roofs and fronts are part of the company’s service offerings. Clients are primarily industrial companies as well as public institutions. The origins of the company date back to Jakob Eberspaecher, who founded a workshop focusing on roof glazing in Esslingen am Neckar in 1865.
Further information: www.egla-gmbh.de
About Attorney Marcus Winkler:
Marcus Winkler, Partner at BBL, has worked for more than 18 years as a lawyer in the field of restructuring and reorganization and has been regularly appointed as insolvency administrator, administrator and trustee since 2002. His specialization lies in the continuation and the turnaround by means of insolvency plans and/or transferring restructuring of companies of different industries and of all sizes. In addition, Marcus Winkler advises companies and creditors on all questions of insolvency law, in particular in the area of restructuring through a debtor-in-possession proceeding.
BBL is one of the leading law firms with a sole focus on reorganisation, restructuring and insolvency. The firm has extensive experience in complex restructuring projects both within and outside insolvency proceedings. More than 50 lawyers work at BBL nationwide in Germany and also in London.
Further information: www.bbl-law.de
Attorney Marcus Winkler
Phone: +49 178 8550496