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New hope for the Kettler maker Kettler, threatened with closure: according to the German press agency, the company managed to obtain interim funding from the Heinz Kettler Foundation. This allows the company to continue to search for potential investors. "I would like to be able to announce the new shareholder of Kettler GmbH in the coming weeks," said Kettler CEO Olaf Bierhoff.
The breakthrough was carried out according to the information of the company, after the supervision of the foundation reminded the board of foundation and a board of the foundation. Until then, they had refused an agreement.
Hope for a reliable future for employees
The Minister of Economic Affairs of North Rhine-Westphalia, Andreas Pinkwart (FDP), welcomed this development. "I hope it will be a very timely opportunity for employees to take back the company as a whole and after many years of uncertainty."
Kettler had already filed an insolvency claim in July under his own responsibility. The goal was a reorientation with the help of a Luxembourg investor. However, the investor threw in the towel when the foundation did not want to respond to his requests. After that, the situation got worse.
Earlier in the week, the company had warned that it should shut down this Friday if it did not receive interim financing. The approximately 720 employees would then be released. Nevertheless, the foundation was reluctant to help the company. Initially, no notice was received from the foundation.
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