PLUTA restructuring expert Stefan Meyer starts process of finding an Investor for HIK Systeme und Module

• Business operations have been continued without restrictions since the application was filed
• Employees’ wages and salaries are guaranteed

Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH has started the process of finding an investor for the metal construction company HIK Systeme und Module. Together with the renowned M&A specialists from Montag & Montag, the restructuring expert is speaking to the first parties interested in investing in the long-established company based in Rahden.

HIK specialises in manufacturing high-tech equipment for the steel construction, machine and plant construction as well as water and waste-water treatment plant sectors on a one-off-product or small-batch basis. The company with its highly qualified staff sees itself as a service provider offering their customers a complete chain of production services, including design, as well as reliable assembly and maintenance. Furthermore, the company designs, produces and distributes customised safety barriers and platforms for machines in a recently created business unit. The foundations for the family business were laid by Ingrid Ebert as early as 1972.

The Local Court of Bielefeld ordered provisional insolvency proceedings to be opened for the assets of HIK Systeme und Module GmbH on 17 September 2019. Mr Stefan Meyer, an attorney specialising in insolvency law, has been appointed as the provisional administrator. The metal construction company’s business operations have been continued without any restrictions since the application was filed.

Filing for insolvency became inevitable for the company due to liquidity problems. Currently, the company based in North Rhine-Westphalia has a workforce of 25 employees plus the management team. The wages and salaries of the employees are guaranteed thanks to specific substitute benefits provided under German insolvency law.

Together with his team, the attorney Mr Stefan Meyer has begun to analyse the situation and has initiated the steps necessary for preserving the business on a sustained basis. He intends to take all the measures required to restructure the company successfully and ensure its future existence. “The staff are motivated and are supporting the company, just as the managing partners, Sonia and Thomas Ebert, who have emphasised that they will use their best efforts to support the restructuring process to maintain the business. Talks with both suppliers and customers have been positive,” said the provisional insolvency administrator Mr Meyer. Alongside Mr Meyer, the PLUTA team also includes the attorney Mr Christoph Chrobok and the business lawyer Mr Tim Austmeyer.