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On the same day, the provisional insolvency administrator, lawyer Dr Dirk Andres, declared that “despite advanced talks, the investor decided against the takeover at short notice”. Without an investor, Andres could no longer administer Wollschläger GmbH & Co. It had survived a world war, the berlin wall, and the 2009 crisis.
The investor Fischer Group acquired the machines of the insolvent Ludwig Leuchten GmbH in an asset deal in February 2023. Despite surviving World War II, the Berlin Wall, and the 2009 crisis, it could not withstand insolvency. What happens when a Distributor Files for Insolvency in Germany? You can read our four-part story here.
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