Joseph Dresselhaus GmbH & Co. KG has filed for insolvency proceedings under self-administration with the Local Court of Bielefeld. The aim of the proceedings is the sustainable economic and structural reorganisation of the group of companies. Business operations will continue without restriction.
To implement the court-approved restructuring process, Marc-Philippe Hornung, from SZA Schilling, Zutt & Anschütz, has been appointed to the management board of the Dresselhaus Group. Hornung has many years of experience in self-administration proceedings and has supported numerous companies in complex restructuring situations.
As part of the self-administration process, all available restructuring options will be explored to secure the long-term future of the Group. Self-administration enables the necessary transformation process to be implemented in a structured and expedited manner while safeguarding the interests of creditors.
Joseph Dresselhaus GmbH & Co. KG is one of Germany’s leading distributors of C-parts for industry and trade. In addition to its headquarters in Herford, the group operates four international subsidiaries and employs a total of around 600 people.
