Long-standing business JL Goslar GmbH successfully restructured under protective shield proceedings

JL Goslar GmbH has been successfully restructured. The lead processing company worked with restructuring consultants to draw up an insolvency plan, which was unanimously approved by creditors at the discussion and voting meeting held last week. The plan was confirmed by the Local Court of Goslar and is now legally binding. The company can put the protective shield proceedings behind it, act independently again and look to the future with optimism.

Mr Christopher Gremmel, managing director of JL Goslar GmbH, has therefore achieved a long-term solution with legal advisor Dr Jörg Grau from law firm Heublein Grau Rechtsanwälte, who drew up the insolvency plan. Insolvency monitor Mr Torsten Gutmann from PLUTA Rechtsanwalts GmbH, who is overseeing the proceedings in the interests of the creditors, has welcomed the outcome.

Mr Christopher Gremmel said, “The past three months have involved a great deal of hard work and been very demanding for all of us. This makes it all the more gratifying that our joint efforts have paid off and our long-standing business can exit the proceedings after such a short space of time. I am grateful to all involved for this.”

The good news for customers is that JL Goslar GmbH will continue to offer its full range of products going forward. The company has over 100 years of expertise in the processing of lead, tin and their alloys at its production facility in Goslar. The employees manufacture specialised technological products for the global industrial sector. JL Goslar GmbH will continue to focus on three business segments: radiation protection, apparatus engineering and anodes for metal extraction.

Simplified structures and reduced costs

Adapting capacities to market conditions and anticipated future demand is a key part of the restructuring. Accordingly, a workforce restructuring plan was agreed with the works council. This included 27 job cuts as part of a reconciliation of interests and social compensation plan. The company has had to let 8 employees go, while 19 will switch to a transfer company with a six-month term that will provide for training and upskilling measures. It will employ 82 people going forward.

The insolvency plan also envisages a merger of the wholly owned subsidiary JL Goslar Anoden GmbH with the parent company on 31 December 2026, a move designed to simplify structures and reduce costs. The currently outsourced parts of the anode business will be re-integrated into the Goslar facility. As the factory site located 25 kilometres away in Ilsenburg will then no longer be required, it will be possible to realise it for the benefit of the creditors. The leaner structures and lower costs will help the business to operate profitably again. The 12 people who work for JL Goslar Anoden GmbH will be employed by the parent company, increasing its headcount to 94 in 2027.

Restructuring within three months

The restructuring under the protective shield proceedings has been completed in record time. Legal advisor and general agent Dr Jörg Grau said, “The measures have been implemented within a very short timeframe. This has only been possible thanks to the excellent cooperation of all of the parties. The job cuts are unfortunately unavoidable. Together we have taken the steps needed to ensure the company is on a sound financial footing for the future.”

JL Goslar GmbH filed for protective shield proceedings with the Local Court of Goslar on 25 June 2026. The proceedings were opened on 1 September 2026 and the discussion and voting meeting was held as early as 25 September 2026. The restructuring has therefore been completed under an insolvency plan within just three months. Insolvency monitor Mr Torsten Gutmann will oversee the implementation of the plan. The attorney said, “The creditors’ approval of the insolvency plan sends a strong signal. We have made very rapid progress over the past few months. The good cooperation of all of the parties involved and the constructive support from the Local Court of Goslar have played an important role in this. The company is now well positioned. At the same time, we can give appropriate consideration to the creditors’ interests.”

The Heublein Grau Rechtsanwälte team comprises legal advisor Dr Jörg Grau, business management expert Ms Verena Bischof and attorney Mr Johannes Graner.
The PLUTA team is made up of insolvency monitor Mr Torsten Gutmann, attorney Mr Sören Werhahn and Mr Bastian Ludwig.