The WAYES transaction team has exclusively started the search for a strong partner to implement the already advanced restructuring of Spilker GmbH.
Spilker GmbH is a globally active company with a 60-year tradition and over 230 employees, whose products find a wide range of applications in the automotive, pharmaceutical, electrical and printing industries, among others. The company has earned the trust of its customers through a solution-oriented and holistic approach to the manufacture and project planning of rotary tools and machines for punching and finishing processes. The medium-sized family business is already being run by the third generation of the owner family.
With the generational change in 2022, the strategic realignment of Spilker GmbH began. However, the Corona pandemic, the interim collapse of the supply chains for electrical components and the energy crisis put a strain on the company. In recent months Spilker has taken extensive measures to remedy the problems and lay the foundation for future profitable growth. However, the weak overall economic development, an unexpected drop in orders in the summer of 2023 and the resulting strain on liquidity recently meant that the restructuring initiated can no longer be completed under its own steam.
Against the background of an imminent insolvency, the management filed for insolvency on 08.09.2023 in order to continue the restructuring in self-administration and to start the search for an external partner. The operational business will be continued in full by Henrik Spilker and Benjamin Lendeckel. The restructuring expert Michael Schütte and his team from the law firm Eckert Rechtsanwälte have joined the company as general representatives for the duration of the restructuring. Stefan Meyer from the law firm PLUTA Rechtsanwalts GmbH has been appointed as provisional administrator. In addition to the investor process, WAYES accompanies the commercial aspects of the continuation of operations and the restructuring within the framework of self-administration.
For the future investor, this offers the opportunity to complete the restructuring process and to benefit from the quality brand, the committed team and its know-how in the future.