Karl Baisch GmbH has been acquired by Friedrich Ziegler GmbH
Friedrich Ziegler GmbH, a manufacturer of furniture for a variety of industries such as medical rooms, kitchens and stores, has acquired the intangible assets of Karl Baisch GmbH within an asset deal. Financial details of this transaction have not been disclosed.
Karl Baisch GmbH is the leading manufacturer of dental furniture in Europe's German-speaking countries. The company has experienced financial difficulties for a number of years due to internal structural problems and the changing market environment. Despite the implementation of various measures to stabilise the business, the company has been unable to achieve a sustainable turnaround and was forced to file for insolvency.
Dr. Hendrik Hefermehl from Stuttgart has been appointed as the insolvency administrator.
Oaklins' team in Germany was commissioned exclusively by the insolvency administrator to provide assistance on the transfer of the company and its assets.
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