PLUTA restructuring expert Dr Kaufmann holds discussions with interested parties regarding Vynova Wilhelmshaven GmbH

Dr Kaufmann stated that multiple interested parties have submitted non-disclosure agreements, and some initial indicative offers have already been received. Further negotiations will be held on the basis of the offers. The structured process of finding an investor is being supported by Deloitte GmbH Wirtschaftsprüfungsgesellschaft, represented by Dr Stefan Weniger and Merlin Smeenk.

On 12 December 2025, the Local Court of Wilhelmshaven ordered provisional insolvency administration for the company’s assets and appointed Dr Christian Kaufmann from PLUTA as provisional administrator. The PLUTA team has held numerous discussions in recent weeks to facilitate business continuity.

Attorney Dr Christian Kaufmann said, “We have managed to stabilise the business despite a number of challenges, and the production of PVC products is currently continuing as planned. The workforce is highly committed and motivated. We are now focused on the process of securing an investor and will endeavour to find a solution by March, if possible. Given how the M&A process is going, I am very optimistic that this can be achieved.”

In addition to Dr Christian Kaufmann, the PLUTA team comprises attorneys Mr Ingo Thurm, Dr Oliver Liersch and Mr André Gildehaus as well as business management experts Ms Nicole Neumerkel and Ms Vivien Doll.

Vynova Wilhelmshaven GmbH is part of the Vynova Group, which is headquartered in Belgium. Since 1981, Vynova Wilhelmshaven has been operating one of Europe’s largest plants for the production of suspension PVC (S-PVC), a high-quality material that is used to manufacture a wide range of products for daily life. The company also produces vinyl chloride monomer (VCM), an essential building block for making PVC. Situated on the western side of the Jade Bight, a North Sea bay, the Wilhelmshaven site has direct access to the sea.