Stuttgart – The future of Weck, a company whose history goes back some 123 years, has been secured. Globally active alternative investment group AURELIUS emerged as the successful bidder in a competitive international bidding process. AURELIUS has acquired the business operations of both J. Weck GmbH and its subsidiary Weck Glaswerk GmbH. The production sites of the time-honoured manufacturer will be retained, and there are plans to bring the businesses together in a single company at a later stage. The firm’s publishing business will be discontinued.
Headquartered in Wehr-Öflingen (Baden-Württemberg), the company was forced to file for insolvency in June of this year. The reasons included rising energy prices and lower demand. The parties agreed not to disclose the purchase price. The transaction is currently awaiting approval from the competition authorities.
A CMS team headed by lead partner Dr Alexandra Schluck-Amend advised the insolvency administrator, Thilo Braun, on all legal aspects of selling the business operations. The CMS team likewise advised on the insolvency proceedings with regard to the assets of Weck Glaswerk GmbH and J. Weck GmbH & Co. KG, in particular during negotiations with suppliers aimed at the continuation of the business.
CMS Germany
Dr Alexandra Schluck-Amend, Lead Partner
Manuel Nann, Senior Associate, both Restructuring & Insolvency
Dr Claus-Peter Fabian, Partner
Julia Fünfgeld, Senior Associate, both Corporate/M&A
Dr Stefan Voß, Partner
Dr Ursula Steinkemper, Partner
Lukas Potstada, Counsel
Marielle Schuster, Associate, all Real Estate & Public
Dr Martin Mohr, Partner, Tax
Dr Boris Alles, Partner, Labor, Employment & Pensions
Martin Cholewa, Counsel, Antitrust, Competition & Trade
Dr Michael Kraus, Partner, IP
Press Contact
presse@cms-hs.com
