{"id":14554,"date":"2023-10-06T11:00:10","date_gmt":"2023-10-06T09:00:10","guid":{"rendered":"https:\/\/www.brrs-rechtsanwaelte.de\/2023\/10\/06\/deutsche-grosswaelzlager-gmbh-uebertragende-sanierung-gelungen\/"},"modified":"2024-10-31T15:33:16","modified_gmt":"2024-10-31T14:33:16","slug":"deutsche-grosswaelzlager-gmbh-transferred-restructuring-successful","status":"publish","type":"post","link":"https:\/\/www.brrs-rechtsanwaelte.de\/en\/2023\/10\/06\/deutsche-grosswaelzlager-gmbh-transferred-restructuring-successful\/","title":{"rendered":"Deutsche Gro\u00dfw\u00e4lzlager GmbH: Transferred restructuring successful"},"content":{"rendered":"<section class=\"l-section wpb_row height_medium\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2><span _d-id=\"7339\" class=\"--l --r sentence_highlight\">Rostock, October 6, 2023: <\/span><span _d-id=\"7342\" class=\"--l sentence_highlight\">BRRS partner and lawyer Ulrich Rosenkranz, who has been appointed insolvency administrator for the assets of Deutsche Gro\u00dfw\u00e4lzlager GmbH by Rostock Local Court, is handing over the company to the newly founded DGWL Deutsche Gro\u00dfw\u00e4lzlager GmbH as part of a transferring restructuring.<\/span><\/h2>\n<p><span _d-id=\"7347\" class=\"--l --r sentence_highlight\">Deutsche Gro\u00dfw\u00e4lzlager GmbH had to file for insolvency at Rostock Local Court on December 12, 2022 after the former Russian majority shareholder failed to provide funds and orders from a major Ukrainian customer were canceled due to the war. <\/span><span _d-id=\"7350\" class=\"--l sentence_highlight\">The company thus became a victim of the Russian war of aggression against Ukraine and the restrictions imposed by the coronavirus.<\/span><\/p>\n<h3><span _d-id=\"7355\" class=\"--l sentence_highlight\">All 30 jobs saved, new specialists sought<\/span><\/h3>\n<p><span _d-id=\"7360\" class=\"--l --r sentence_highlight\">&#8220;Business operations will continue without restriction,&#8221; says Ulrich Rosenkranz. <\/span><span _d-id=\"7363\" class=\"--l --r sentence_highlight\">All employees without exception have been taken on by the new company, which has successfully managed the first few months after the transition and is now running at full steam in three-shift operation. <\/span><span _d-id=\"7366\" class=\"--l --r sentence_highlight\">The new owners have initially acquired the company completely without the support of banks or public funds and have already invested in the acquisition of another large production facility. <\/span><span _d-id=\"7369\" class=\"--l sentence_highlight\">The company is already looking for experienced CNC machinists for this.<\/span><\/p>\n<h3><span _d-id=\"7374\" class=\"--l sentence_highlight\">Multi-stage transfer concept negotiated<\/span><\/h3>\n<p><span _d-id=\"12875\" class=\"--l --r sentence_highlight\">The ideas of the banks and the public sector during the complex negotiations had initially made the transfer almost impossible. <\/span><span _d-id=\"12878\" class=\"--l sentence_highlight\">A multi-stage transfer concept with integrated interim financing negotiated between BRRS partner Ulrich Rosenkranz and the new shareholders gained the necessary time to create a stable solution based purely on equity.<\/span><\/p>\n<p><span _d-id=\"12883\" class=\"--l --r sentence_highlight\">According to the new management, the buyers are a group of German medium-sized companies &#8211; including STC Styr and the Kraemer Group from Rheda-Wiedenbr\u00fcck &#8211; with the involvement of two former customers. <\/span><span _d-id=\"12886\" class=\"--l --r sentence_highlight\">This has enabled the future sales base to be consolidated and new product areas to be added to the company&#8217;s portfolio.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Rostock, October 6, 2023: BRRS partner and lawyer Ulrich Rosenkranz, who has been appointed insolvency administrator for the assets of Deutsche Gro\u00dfw\u00e4lzlager GmbH by Rostock Local Court, is handing over the company to the newly founded DGWL Deutsche Gro\u00dfw\u00e4lzlager GmbH as part of a transferring restructuring. Deutsche Gro\u00dfw\u00e4lzlager GmbH had to file for insolvency at...","protected":false},"author":5,"featured_media":13706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-14554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Insolvency Solution: Deutsche Gro\u00dfw\u00e4lzlager GmbH Successfully Transferred<\/title>\n<meta name=\"description\" content=\"On October 6, 2023, BRRS Partner Ulrich Rosenkranz facilitated the handover of Deutsche Gro\u00dfw\u00e4lzlager GmbH through a transfer solution, ensuring the continuation of operations and retention of all 30 employees.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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