Investor found, jobs saved

There is a new perspective for the business operations of Peter Petrusky Metallbau GmbH & Co. KG (PPM) has a new perspective. With effect from 1 January 2022, a company of Braunschweiger Industrie Holding GmbH (BIH) will take over the site in Bad Lauterberg, including the employees, as part of a transferring reorganisation.

With the acquisition of the tradition-rich trough producer, the BIH Group is strengthening its existing expertise in metal processing. PPM had been under the administration of the insolvency administrator Mr Torsten Gutmann, lawyer, since 3 June 2021.

The sale of the Polish subsidiary PET Sp. z o.o. was already completed on 1 December 2021. Our M&A team was able to win Felgenhauer Industrieleistungen GmbH as the buyer. All 170 jobs can continue to exist as part of the transaction. Felgenhauer Industrieleistungen GmbH is a company of the owner-managed Felgenhauer Group, which is already located in Jasień, Poland, with several production plants. It produces special constructions weighing up to 16 tonnes using welding processes.

We are pleased that we were able to successfully conclude these transactions in a challenging market environment and would like to thank Mr Torsten Gutmann (insolvency administrator PPM) and the team of the law firm PLUTA Rechtsanwalts GmbH as well as Mr Maximilian Bei der Kellen of Brinkmann & Partner for the good cooperation.