act legal Germany restructures automotive supplier Elkas

Dr. Alexander Höpfner was appointed trustee for Elkas, an automotive supplier – especially for carrier systems in the area of ​​body parts – by the Marburg District Court. The company, which recently had annual sales of around EUR 20 million, got into difficulties due to the weak order situation, triggered by the Corona crisis, and the exorbitant rise in steel prices. But the outlook is optimistic – the company’s business operations with more than 100 employees will continue unchanged and the wages and salaries of the workforce are initially secured through the insolvency payments. General representative: Thomas Rittmeister, partner at REIMER