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The Local Court of Constance has ordered provisional insolvency administration for the assets of promark automation GmbH & Co. KG and appointed Mr Florian Schiller from PLUTA Rechtsanwalts GmbH as provisional administrator. The mechanical engineering company from Eigeltingen in the Constance district had to file for insolvency due to liquidity problems as a result of declining sales. Business operations will be maintained without restriction.
promark automation, which focuses on special machine construction as well as automation and labelling technology for production systems, employs a total of five people. Their salaries are guaranteed for a period of three months thanks to specific substitute benefits provided under German insolvency law. The PLUTA restructuring team is currently working with management to establish an overview of the company’s financial situation.
PLUTA attorney Mr Schiller said, “All orders will be fulfilled as planned. The employees are highly motivated and committed. Given the company’s expertise in laser technology and automation, I am confident that we will find a follow-up solution.” Mr Schiller will be supported in the proceedings by business lawyer Mr Franco Caputo.
promark automation GmbH & Co. KG plans, designs and implements solutions for the integration of industrial labelling technology. This includes, for example, incorporating inkjet or laser equipment into existing production systems. The special machine engineering company also offers custom automation solutions for product feeding, handling and labelling. Its customers include businesses in the automotive sector as well as the electronics production, medical engineering, rubber processing and pharmaceutical industries.