Restructuring Expert Michael Reichold sells Kreder Neon Stuttgart to wir drei werbung
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Restructuring Expert Michael Reichold sells Kreder Neon Stuttgart to wir drei werbung

27 September 2017 · Stuttgart, Germany · Business Area Insolvency Administration

The restructuring expert Mr Michael Reichold from PLUTA Rechtsanwalts GmbH succeeded in finding an investor for Kreder Neon Stuttgart GmbH. Their business will be taken over by wir drei werbung gmbh based in Kiel on 1 October 2017. This means that almost all of the jobs at Kreder Neon Stuttgart have been saved. The previous managing director of Kreder will manage the company’s branch office in Stuttgart in future.

“Both staff and customers benefit from this sustainable solution offered by the investor. This long-established company from North Germany is the ideal buyer for our business. The efforts made in the past few months have been worthwhile,” said the PLUTA expert Mr Reichold happily.

wir drei werbung gmbh offers innovative products and a wide range of services in the field of designing and making advertising, light and guidance systems. For instance, the company has a reputation for their first-class product solutions in the new digital signage sector. More than 70 employees work on projects for renowned customers all over Germany. The company with its headquarters in Kiel is pursuing a strategy of expansion. The current acquisition means that they are now present in the whole of Germany – with branch offices in Hamburg, Osnabrück and Stuttgart. This long-established enterprise has been in existence since 1928.

The experts of wir drei werbung offer innovative products, and their range of services is even wider than that of Kreder. They will complete all of Kreder’s existing orders on time. “Our customers benefit from our state-of-the-art product solutions. They greatly appreciate our reliability and our individual customer support on site. Thanks to this acquisition and the new site in Stuttgart, we can now also offer these services in South Germany,” explained Jörg Jacobi, Managing Director of wir drei werbung gmbh.

The insolvency proceedings for the assets of Kreder Neon Stuttgart will probably be opened on 29 September 2017. Subsequently, the insolvency administrator Mr Reichold will accept the binding purchase offer submitted and the business will be transferred to the buyer. In the past weeks, the restructuring expert and his team have succeeded in continuing business operations without any restrictions. Both customers and suppliers have remained loyal to the company in these challenging times. The employees are processing the existing orders with great commitment and motivation. These were important requirements for finding an investor and for successfully completing the process.

PLUTA expert

Michael Reichold

Michael Reichold
Rechtsanwalt, Fachanwalt für Insolvenzrecht

PLUTA press contact

Patrick Sutter
relatio PR

+49 89 210 257-22

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