The future starts now – WEISSER overcomes bankruptcy
Traditional machinery manufacturer J.G. Weisser Söhne GmbH & Co. KG has achieved a decisive breakthrough and is officially rescued. The contractual agreement for a comprehensive corporate restructuring and continuity solution has been officially notarized. Under a management buyout (MBO), a consortium of four long-standing executives is taking over ownership and leadership to steer the company into a stable future.
Over the past few weeks, the acquiring managers developed a viable, future-oriented business continuity plan that enjoys the full support of the company’s key customers. A particularly positive aspect of this restructuring solution is that the new business strategy eliminates the need for additional layoffs. Consequently, the jobs of the 156-strong workforce at the St. Georgen facility have been secured for the long term. Furthermore, the company has secured a series of substantial and follow-on orders. J.G. Weisser is thus launching into its new era of independence backed by a solid financial foundation and high planning stability.