Continuation solution: For the former SHW High Precision Casting Technology GmbH, based in Königsbronn, we were able to achieve a sustainable continuation solution with the new operating company Hüttenwerke Königsbronn GmbH, advised by Frank Günther and Asmus Ohle from One Square Advisors GmbH. The entire machinery of the company, which had filed for insolvency in December 2018 and has been represented since then by the insolvency administrator Martin Mucha and Dr. med. Tobias Rentschler from the Grub Brugger law firm, was sold to the new operating company.
Other contributors to the continuation solution were the self-administration of SHW Koenigsbronn GmbH & Co. KG, represented by Wolfgang Bernhardt (Pluta Rechtsanwalts GmbH) and Marcus Katholing of Pluta Management GmbH, NIV Leasing GmbH, the Works Council of Hüttenwerke Königsbronn GmbH, represented by Fred Behr, as well as the employees of the company. At the Königsbronn plant, Hüttenwerke Königsbronn GmbH manufactures rollers and other castings as well as components for energy production with around 80 employees. These jobs have now been preserved.
As a result of the jointly achieved solution, the live auction originally scheduled for July 3, 2019 with machinery and equipment from the foundry, mechanical processing, industrial trucks, heavy-duty trailers, cranes and accessories, measuring equipment as well as factory and office equipment has been canceled.
The entire team of Lueders & Partner wishes the new company success and the required good fortune in future developments in Königsbronn.
