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Today, the Local Court of Heilbronn opened insolvency proceedings for the assets of Frenzel GmbH. Mr Michael Pluta, a restructuring expert from PLUTA Rechtsanwalts GmbH, was appointed as the insolvency administrator. He previously had acted as the provisional administrator for the bus equipment provider.
Business operations will be continued without any restrictions, as in the past few months. Mr Pluta and his team have launched the process of finding an investor and have already held initial talks. “The staff are highly motivated, and customers have remained loyal to the long-established company. This is very positive and is also a good basis for holding the talks,” said the restructuring expert Mr Pluta. PLUTA’s team also includes the attorney Ms Heike Metzger and the restructuring manager Mr Helmuth Rauscher.
The company based in Obersulm specialises in fitting buses with high-quality interior equipment such as galleys. Frenzel has become particularly known for equipping team coaches.