12 September 2018 – The KÖTTERMANN Group, a global specialist for high-quality laboratory equipment, is starting today a structured process to address potential investors, preferably from its own sector. The management is supported by Falkensteg, a Frankfurt-based corporate finance consultancy with comprehensive M&A expertise.
The investor approach takes place parallel to the ongoing process of restructuring in self-administration. „Of course, we exploit all available possibilities,“ says Justus von Buchwaldt, general representative of the KÖTTERMANN Group and partner of the specialized office BBL Bernsau Brockdorff. „This means that the management and we are working on a continuation solution and have set up a structured M & A process at the same time, because the transferring restructuring via company sale may prove to be the best option.“
„The market for laboratory equipment is a growing market worldwide,“ explains Albrecht Wiener, Managing Director of KÖTTERMANN. „Köttermann is a company with a long tradition and an excellent brand reputation, so we should not be short of interested parties.“
New orders prove the business potential
Since the application for a reorganization procedure in self-administration on August 21, 2018, KÖTTERMANN has continued to acquire new orders worth around one million euros. „We received the new orders from long-standing customers, but also from new customers,“ emphasizes Albrecht Wiener. „The KÖTTERMANN brand obviously continues to enjoy the trust of its customers“.
The KÖTTERMANN Group stands for individual and high-quality steel laboratory equipment „Made in Germany“, which has been setting standards in terms of quality, safety, robustness and longevity for decades. The company has around 250 employees at locations in Germany, France, Poland, Spain, Benelux, Great Britain, Austria and Switzerland.Partnerships exist in Central and South America, Asia, Africa and the Middle East worldwide. With around 250 employees, the company recently achieved a turnover of around 40 million euros.
BBL is one of the leading law firms with a sole focus on reorganisation, restructuring and insolvency. The firm has extensive experience in complex restructuring projects both within and outside insolvency proceedings. More than 50 lawyers work at BBL nationwide in Germany and also in London.
Further information: www.bbl-law.de
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