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Walloschke Oberflächentechnik GmbH (“Walloschke”) from Lindlar can draw on almost 60 years of experience in surface processing and finishing and is characterized by fully automated grinding, polishing and processing processes. The challenging economic situation and the tense situation in the automotive industry meant that Walloschke had to file for insolvency at the end of October. By order of 01.02.2025, the Cologne District Court opened insolvency proceedings against Walloschke's assets. Attorney Dr. Bero-Alexander Lau from the law firm White & Case LLP was appointed insolvency administrator.
As a first step, the team led by lawyer Dr. Lau succeeded in stabilizing and continuing business operations. In parallel, an investor process was initiated, which was managed by novaerion GmbH from Düsseldorf. After four months, an acquirer was found to take over Walloschke's business operations at the Lindlar site. The buyer is Weiz Industrie- und Robotertechnik from Overrath, which manufactures robotic, grinding and polishing systems. The established brand name Walloschke is retained and a large part of the workforce is taken over.
Dr. Lau explains: “We are very pleased that we were able to find a continuation solution for Walloschke Oberflächentechnik and saved the majority of jobs. The takeover of the company by Weiz, which specializes in plant engineering, expands the previous value chain and thus provides promising opportunities for further cooperation with customers and suppliers in the future, so that the company can look ahead with confidence. ”
Robert Neufeld, novaerion GmbH, adds: “In the current market environment, it is quite challenging to find good transaction solutions for companies. We are all the more pleased that we were able to quickly contribute to a good solution for everyone involved. We would like to thank the insolvency administration and management for their professional cooperation and wish the company and the acquirer every success in the future. ”
About novaerion
novaerion GmbH, based in Düsseldorf, acts as a transformation and transaction consultancy. The areas of advice range from strategic reorganizations and earnings crises to support as part of comprehensive restructuring procedures as a CRO and as M&A support in special situations.
About White &Case
White & Case is a leading global law firm with offices in all major financial and economic centers around the world. In Germany, around 300 lawyers, tax advisors and notaries in Berlin, Bielefeld, Düsseldorf, Frankfurt am Main, Hamburg and Cologne, among others, are a full and fully integrated part of a strong international network and offer legal work at the highest level (www.whitecase.de). For more than 35 years, the firm has had one of the most reputable insolvency and restructuring practices in Germany (www.whitecaseinso.de). The White & Case team at Walloschke includes Associates Jana Buscher, Tobias Ruthenbeck (Insolvency & Restructuring, Düsseldorf/Cologne) and Carola Böckmann (Employment Law/Hamburg) as well as Verena Schminke and Christopher-Holm Brumme (Insolvency & Restructuring, Düsseldorf/Cologne).
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