Successful investor process for SKODOCK and ELASTEFLEX
The insolvency administrator Dr. Malte Köster of Willmer Köster exclusively commissioned the comes M&A team headed by Michael Rabe with the structuring and implementation of an investor process for the insolvent companies of the SKODOCK Group from Garbsen and for its Czech sister company Elasteflex.
Despite the lockdown and restrictions on international travel, numerous strategic investors and financial investors from Germany, other European countries and Asia participated in the structured investor process. In addition to the use of video conferences, our innovative 360-degree virtual tour of the company was also used.
Braunschweiger Industrieholding GmbH is continuing the traditional company SKODOCK. Both locations will be retained and the operational business of the manufacturer of metal hoses, metal bellows and expansion joints will continue unchanged. The new management will be taken over by co-partner Timm Beutler, who brings with him many years of experience from the management and development of several metal processing companies in and around Braunschweig.
The quality of SKODOCK’s goods is to remain at the same high level as before: “SKODOCK stands for quality even in demanding applications. For example, SKODOCK supplies companies in plant engineering and aerospace technology with particularly high demands on product quality. We will invest in particular in the further expansion of quality assurance processes,” says Beutler.
Together with the approximately 60 employees of SKODOCK Metallwarenfabrik GmbH and the approximately 90 employees of Elasteflex Lysice s.r.o., the Braunschweig-based industrial holding wants to successfully shape the future of the SKODOCK Group.
Braunschweiger Industrieholding GmbH invests in future-oriented manufacturing companies in Germany and abroad. Its group of investors has many years of experience in the development and management of manufacturing companies as well as the operational and economic restructuring of companies.