Sven Tischendorf, in the function of CRO and Alexander Höpfner, functioning as CIO, have been responsible for the self-administration and restructuring of leading global textile machinery manufacturer Saurer Spinning Solutions GmbH & Co. KG since June 16, 2021.
In the course of preparations and the implementation of self-administration proceedings according to § 270 ff, 270 d InsO („protective shield proceedings“), Dr. Sven Tischendorf, MBA (CRO), as well as Dr. Alexander Höpfner (CIO) reinforce the management of Saurer Spinning Solutions GmbH & Co. KG as general representatives, both operationally and as insolvency law experts.
The COVID-19 pandemic and it’s negative effects, in combination with the impact of tariff and trade wars on strongly international supply relationships, had unexpectedly weighed heavily on the business of Saurer Spinning Solutions GmbH & Co. KG. Saurer Spinning Solutions GmbH & Co. KG disposes of considerable substance while maintaining a currently very established order situation. Thanks to the protective shield, business operations can in all respect be continued in an orderly manner, as well as further developed in a sustainable manner.
Saurer Spinning Solutions GmbH & Co. KG
Saurer Spinning Solutions GmbH & Co. KG is a traditional German company founded in 1904. Since July 2013, it has been part of the global technology group Saurer, which is listed on the Shanghai Stock Exchange. With annual sales of approximately EUR 450 million, Saurer Spinning Solutions GmbH & Co. KG employs around 1,200 people at a total of three locations in Germany. Along the various stages of the textile value chain, Saurer Spinning Solutions plays a leading key role in the global market amongst renowned spinning technology brands such as Schlafhorst and Zinser (high-tech components and systems for textile machines) as producers of machines and systems. With the market-renowned self-administration proceedings of Baden-Board, Picard, JMT, Hallhuber and Vossloh-Schwabe, which have already been successfully completed in 2020, the practice led by partners Dr. Sven Tischendorf, MBA and Dr. Alexander Höpfner, as part of act AC Tischendorf, is one of the market leaders in Germany in the area of insolvency and restructuring.
Self-Administration Saurer: act AC Tischendorf Rechtsanwälte, Frankfurt: Dr. Sven Tischendorf, MBA (lead, chief-representative, CRO), Dr. Alexander Höpfner (lead, chief-representative, CIO), Dr. Felix Melzer (handling of proceedings), Dr. Fabian Laugwitz, MBA, LL.M (Commercial)