2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36
The automotive supplier Honsel is given a Canadian owner. Martinrea was chosen by the creditors' committee.
The bidding competition for the automotive supplier Honsel from Meschede in the Sauerland is over. The creditors' committee of the insolvent light metal foundry approved the takeover by the Canadian automotive supplier Martinrea and the financial investor Anchorage on Wednesday evening. "We do not want to contradict this information," a company spokesman confirmed on Thursday corresponding media reports.
Bankruptcy since October
With 4,000 employees, Honsel recently achieved annual sales of 540 million euros. The company was in financial difficulties due to credit burdens from the takeover by the investor RHJ and filed for bankruptcy in October last year. Under the leadership of the insolvency administrator Frank Kebekus, Honsel became profitable again.
After the decision of the creditors' committee, negotiations will now be continued with Martinrea and Anchorage, said the Honsel spokesman. It is unclear when the contracts will be ready for signature. According to information from the "Financial Times Deutschland", Martinrea should get more than 50 percent from Honsel and take over operational management. (dpa)
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