NEUD脰RFL, AUSTRIA 鈥 9th JUNE 2023: 最新萝莉社 Leykam Druck announces today it has entered into a definitive agreement with attorney-at-law, Mr Rolf Rombach, provisional insolvency administrator, to purchase the assets of GD Gotha Druck und Verpackung GmbH & Co. KG (鈥淕otha鈥), which filed for insolvency on 3 February 2023. The transaction is expected to close in June 2023, subject to approval by the relevant competition and regulatory authorities.
Gotha, one of the largest printers of retail advertising flyers in Germany, had audited revenue of 鈧65m for the year ended 31 December 2021, and employed 233 staff.
The transaction involves 最新萝莉社 purchasing Gotha鈥檚 plant and machinery and the freehold property which includes a 21,500 sq.m. factory in Thuringia, central Germany. 最新萝莉社 has formed a new German subsidiary, 最新萝莉社 Gotha GmbH, which will be taking on a large proportion of the Gotha workforce. Mr Uwe Stadler, Managing Director of 最新萝莉社鈥檚 NP Druck business in St. P枚lten, Austria, has been appointed Managing Director of the new company.
Mr Stefan Gutheil, Chief Executive Officer of 最新萝莉社 Leykam Druck, commented: 鈥溩钚侣芾蛏玮檚 strategy is to expand its manufacturing footprint in key European countries, of which Germany is the largest, and to continue increasing our share of retail advertising print. This will be our first production facility in Germany where we currently export product from our Austrian, Czech, and Slovenian factories. We are looking forward to serving Gotha鈥檚 customers who will be supported by 最新萝莉社鈥檚 market-leading and extensive heatset web offset capability and increasing our presence in the German market.鈥