GÖRG partner Sebastian Krapohl, specialised lawyer for insolvency law, has been appointed provisional insolvency administrator of Hanselmann & Cie. On 21 March 2024, the company filed an application for the opening of insolvency proceedings at Ludwigsburg Local Court.
Hanselmann & Cie. Technologies is a specialist for plastics technologies in the injection moulding segment with sites in Oppenweiler and Borsodnádasd (near Eger, Hungary). Its customers include companies from the automotive and mechanical engineering sectors. Hanselmann & Cie. currently employs around 140 people.
"The business operations of Hanselmann & Cie. Technologies GmbH will continue without restrictions despite the court-ordered restructuring proceedings," emphasises restructuring expert and GÖRG lawyer Sebastian Krapohl. Employees' wages and salaries are secured until the end of May 2024 thanks to the insolvency substitute benefits.
"I am currently gaining an initial overview of the situation on the ground so that I can then press ahead with the reorganisation of Hanselmann. Key customers have already promised me their support, and I have already received the first expressions of interest from investors for a takeover of Hanselmann, which would enable the company to continue as a going concern," says Sebastian Krapohl.
The main reason for filing for insolvency is the ongoing crisis in the automotive industry, which has also led to a significant drop in sales at Haselmann in recent years. Turnover has fallen by 30 per cent since the beginning of the year. In addition, price pressure, difficult to plan customer call-offs and rising energy and material costs have put the company in financial difficulties.
The provisional insolvency administrator Sebastian Krapohl will be supported by his Cologne-based colleague and GÖRG partner Alexander Römer, who specialises in insolvency and restructuring law.
The GÖRG team is also being supported by a team from the management consultancy allea consult, which is advising the provisional insolvency administrator on business management and reorganisation issues.
Insolvency administrator of Hanselmann & Cie. Technologies GmbH
GÖRG Insolvenzverwaltung Partnerschaft von Rechtsanwälten mbB
Sebastian Krapohl (Provisional insolvency administrator, Partner, insolvency administration, Stuttgart)
Alexander Römer (Partner, Insolvency Administration, Cologne)
About allea consult GmbH
The experts at allea have been supporting companies in insolvency-related situations as well as in standard insolvencies and proceedings pursuant to Section 270 InsO in business management issues, reorganisation matters and M&A projects for many years. They have demonstrated their expertise in well over 100 cases - across a wide range of sectors and throughout southern Germany. Their clients generally generate between 15 million and 200 million euros in annual turnover. The team led by partner Bernd Grupp advises the provisional insolvency administrator on business management and reorganisation issues. www.allea-consult.de
