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Mr Steffen Beck from PLUTA Rechtsanwalts GmbH has succeeded in finding a long-term solution for the printing company Druckerei Hertle GmbH. finkmedia GmbH, an experienced competitor in the printing industry, will take over Hertle’s business operations with effect from 1 January 2019 and absorb all the staff. The contracts were signed today. The 18 employees have already been informed of the solution during an all-hands meeting called by the employer.
Filing for insolvency became inevitable for the long-established company due to a liquidity shortage. With its decision of 1 September 2018, the Local Court of Esslingen has opened the insolvency proceedings and appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as the administrator. He previously had acted as the provisional insolvency administrator for the company.
Business operations continued during the proceedings without any restrictions. “I am very pleased about the solution we have found. In the past few months, everybody concerned has worked very well together and made this solution possible. Therefore, I would like to thank the staff and the customers for their support,” said the PLUTA restructuring expert Mr Beck. He will be given support in the proceedings by Dr Matthias Lehr.
The PLUTA attorney Mr Steffen Beck already restructured another printing company as part of debtor-in-possession proceedings, based on an insolvency plan, two years ago.
Mr Peter Kink an Mr Philippe Piscol from K & H Business Partner GmbH provided advice during the process of finding an investor for the printing company Hertle. Furthermore, Mr Thomas Grübner from Elbe Leasing GmbH provided support in achieving this long-term solution involving a change of ownership.
The printing company Hertle was founded as a family business in 1949. Since then, the company’s production has been constantly developed further. Today, the company uses state-of-the-art technologies in all areas to provide high-quality printing solutions. Their portfolio includes conventional print products, such as brochures, cards and posters, as well as digital and electronic media.