Eisenmann Thermal Solutions completed its reorganization

Insolvency administrator Joachim Exner has sold the business operations of the company to the strategic investor Onejoon from Korea. Both locations and all jobs will be preserved.

Eisenmann Thermal Solutions specializes in the development, manufacture and sale of industrial furnaces for the production of various materials. As a subsidiary of the Eisenmann Group, the company had to file for bankruptcy in early August 2019. However, Eisenmann Thermal Solutions is not part of the Eisenmann Group’s core business, so Exner has implemented a separate investor solution for this company.

The purchaser of the business operations is Onejoon Thermal Solutions, based in Bovenden (Lower Saxony), a subsidiary of Onejoon Korea. Onejoon is a mechanical engineering company that among other things specializes in the manufacture of furnaces for processing cathode and anode materials in the lithium-ion battery industry. The transfer of business operations will take place on January 15, 2020. Both sites (Böblingen and Bovenden) and all of the 200 jobs will be retained.

Exner had continued Eisenmann Thermal Solutions business in full since the application for insolvency and pushed ahead with the restructuring of the business.

Exner, managing partner of the law firm Dr. Beck & Partner emphasized:

“The fact that this was successful is primarily thanks to the employees who have remained loyal to their company with full commitment over the past few months.”

Terms: Asia-Pacific, Business, News Worldwide

This article has been edited by Basalt.Today
This article has been written on JEC Composites Magazine
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