PLUTA restructuring expert Florian Zistler sells Menrad property to local education association

In the insolvency proceedings for the assets of Ferdinand Menrad GmbH + Co. KG, insolvency administrator Mr Florian Zistler from PLUTA Rechtsanwalts GmbH has reached another important milestone: following notarisation, the sale of a property forming part of the business assets has been completed.

The buyer is Bildung und christliche Werte e.V. based in Schwäbisch Gmünd, which plans to construct a new building on the plot of land and run a secondary school there in the future. In doing so, the local association wants to strengthen educational provision in the region in a sustainable way.

PLUTA restructuring expert Mr Florian Zistler said, “Having completed the sale, we have successfully realised value from the property on commercially attractive terms. At the same time, the buyer’s intended use provides a sound basis for the long-term development of the site.”

The purchaser is also pleased with the acquisition: “We are delighted with the successful completion of the sale and that we have the opportunity to develop a new educational facility here. Our aim is to create a place for learning and the teaching of values that will be firmly anchored in the region,” said chief executive Dr Johannes Stoll. Expert Mr Randy Mc Corvey from S-Immobilien Ostalb GmbH supported the transaction as a broker.

Menrad, a long-established eyewear manufacturer based in Schwäbisch Gmünd, had to file for insolvency in March 2025. The Local Court of Aalen opened the insolvency proceedings for the assets of Ferdinand Menrad GmbH + Co. KG in late May 2025 and appointed Mr Florian Zistler from PLUTA as insolvency administrator. As no investor was willing to acquire the entire business, the administrator has already sold the trademark rights and the company’s international holdings.

In addition to specialist attorney Mr Florian Zistler, business lawyer Mr Dennis Stroh (LL.M.) is also on the PLUTA team.

The sale of the property marks another important step in the insolvency proceedings. The aim is to maximise the realisation of the assets and thereby achieve the best possible outcome for the creditors.