According to management consulting firm PricewaterhouseCoopers (PwC), which is involved in insolvency proceedings, there are several national and international parties interested in the maker of kitchen pans in Rothenburg ob der Tauber, with which they have held extensive discussions in recent weeks.
Business in Rothenburg and its subsidiaries for sale
Therefore, one is now in the second stage of the transaction process. In advance, the temporary insolvency administrator had already put together a catalog of measures to make Lechner profitable again. Businesses in Rothenburg and property as well as subsidiaries in Sweden and Hungary that are not affected by the bankruptcy are specifically for sale.
Bankruptcy proceedings will be opened at the beginning of February as part of the restructuring process. The company transfer should be completed in early March.
The second largest employer in Rothenburg
In November 2021, kitchen worktop manufacturer Lechner filed for bankruptcy. The company cited delivery bottlenecks and high material costs as the cause of the coronavirus pandemic. Had it not been for the bankruptcy filing, insolvency would have been threatened.
As the second largest employer in the Rothenburg region, Lechner employs 600 people and has two other locations in Sweden and Hungary. When looking for investors, the company has been bullish from the start. With custom-made worktops and kitchens in high demand, there is no shortage of demand. New products have also become well established in recent years.