Dresselhaus files for insolvency | Fastener + Fixing Magazine

Joseph Dresselhaus GmbH & Co KG has filed for self administration proceedings with the competent district court in Bielefeld to reorganise itself using the instruments of the Insolvency Code. The court granted the application and confirmed the provisional self administration, paving the way for a comprehensive restructuring of the Herford-based group of companies.

Verlag INDat GmbH reports that this decision is based on the ongoing economic challenges facing Dresselhaus. As part of the self administration process, all available restructuring options are now being examined to ensure the long-term…