GÖRG-partner Dr. Jörg Bornheimer appointed preliminary insolvency administrator for gearbox and gearwheel manufacturer C.u.W. Keller

Bonn, 08.05.2019

The gearbox specialist C.u.W. Keller GmbH & Co. KG had to file for insolvency at the local court of Bonn beginning of April 2019. Since filing for insolvency, the (preliminary) insolvency administrator Dr. Jörg Bornheimer from the law firm GÖRG Rechtsanwälte and C.u.W. Keller’s management have successfully managed to stabilize the company’s operating business with the support of key customers, suppliers and employees.

At the same time, the (preliminary) insolvency administrator and the (preliminary) creditor’s committee initiated a structured international sales process to find a new investor for C.u.W. Keller. Potential investors already submitted first expressions of interest in evaluating an acquisition. In the next few days, PwC will conduct a broader market approach to find a new investor until end of July 2019. “Due to its good market positioning and the positive feedback so far, we are confident to find a new investor for C.u.W. Keller, who continues the company’s business operations in the future”, the (preliminary) insolvency administrator Dr. Bornheimer stated.

INSOLVENCY ADMINISTRATION

GÖRG
Dr. Jörg Bornheimer, Partner

ADVISOR INSOLVENCY ADMINISTRATOR

GÖRG
Dr. Wibke Schumacher, Partner, Tax, Cologne
Dr. Frank Wilke, Partner, Labour Law, Cologne
Christian Schulze, Associate, Insolvency Law, Hagen

M&A ADVISOR

PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft
Timo Klees, Partner
Fabian Dalka, Senior Manager

ABOUT CARL U. WILHELM KELLER GMBH & CO. KG

C.u.W. ranks among the leading developers and manufacturers of high-quality large-scale gearwheels and gearboxes for industrial usage. Customers include companies from the shipbuilding, cement, steel and food industry. The company benefits from an excellent reputation and is renowned for its unique development and manufacturing expertise as well as its excellent product quality. This is also proven by its strong order book and an attractive project pipeline. Currently, C.u.W. Keller employs approx. 190 employees.

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