Breakthrough in the struggle for the future of the insolvent Ziegler Group from Plößberg in the Upper Palatinate. Essential parts of the wood processing sector were sold to Rettenmeier Holding. Hundreds of employees can now breathe a sigh of relief.

Six business operations of the Ziegler Group are going to the Franconian wood company "Rettenmeier Holding AG" from Wilburgstetten. As the insolvency administrator of Ziegler, Volker Böhm from the law firm Schultze & Braun announced on Friday, all locations and thus around 650 jobs are to be preserved. In total, 770 jobs have thus far been saved.

According to Volker Böhm, the executives of Rettenmeier Holding from Wilburgstetten signed the purchase agreement on Thursday evening; they are taking over the business operations of "Ziegler Holzindustrie GmbH & Co. KG," "Ziegler Naturenergie GmbH," "Ziegler Forstservice GmbH," and "Holzzentrum Ziegler GmbH." In addition, the non-insolvent Ziegler companies "Prechtl GmbH Anlagen- und Maschinenbau" and "Ruhland Druckluft & Systemtechnik GmbH" will also go to Rettenmeier.

"Rettenmeier wants to keep all locations and will take over the majority of the employed workers," says Volker Böhm. In detail: At "Ziegler Holzindustrie GmbH & Co. KG," this means 516 out of originally 665 employees, at "Ziegler Naturenergie GmbH," all 54 employees, at "Ziegler Forstservice GmbH," all 18 employees, and at "Holzzentrum Ziegler GmbH," 46 out of 97 employees, taking into account the major fire at Holzzentrum Ziegler at the end of November 2024.

In the case of the non-insolvent companies "Prechtl GmbH Anlagen- und Maschinenbau" (10 employees) and "Ruhland Druckluft & Systemtechnik GmbH" (3 employees), Rettenmeier is taking over all employees.

The deal is thus in dry hands, as the creditors have already approved the takeover by Rettenmeier. "The purchase agreement has yet to be approved by the antitrust authorities, and it has been agreed not to disclose the purchase price," Böhm said. "The Rettenmeier Group is one of the leading German suppliers in the wood processing industry," Böhm emphasized. "Rettenmeier therefore has the necessary know-how to lead the acquired companies back into the success zone. At Rettenmeier, the Ziegler wood processing companies are in very good hands."

Source: nn.de