STRICKER GmbH & Co. KG addresses a wide range of industries with its innovative door systems. The target markets are in particular the (food) retail trade and the food industry throughout Europe. In addition, it acts as a niche supplier for the railway industry and offers a wide-ranging product portfolio such as folding doors, industrial swing doors, air curtain systems, residual area covers, high-speed doors, strip curtains and wall strips.
STRUCTURED SALES PROCESS
The management of Stricker GmbH & Co. KG filed for insolvency in self-administration on 14.11.2022. The Münster Local Court appointed Stephan Michels, lawyer, from MICHELS Vorast Insolvenzverwaltung GbR as provisional administrator.
The CVM Capital Value Management GmbH team led by Managing Partner Kai Peppmeier was exclusively mandated by the management to carry out a structured M&A process. Despite a very tense market situation, CVM, in close cooperation with the parties to the proceedings, succeeded in selling the door systems division within the framework of a transferring reorganisation and preserving all relevant jobs at the Münster location.
Team CVM: Kai Peppmeier (Managing Partner), Benjamin Ruiz (Senior Consultant)
The buyer is the BMP Group. The Italian company is one of the world's leading manufacturers of high-speed and industrial doors. The group sells its products in 79 countries and has five production facilities and a distribution network of more than 500 dealers.
BMP will reorganise the company at the Münster site and offer the remaining employees a future-proof and attractive job in the new company.
Stricker GmbH & Co. KG was legally accompanied and advised by Prof. Dr. Peter Neu and attorney Thorsten Kapitza from the law firm D'Avoine Teubler Neu in the course of the self-administration.
D'Avoine Teubler Neu Rechtsanwälte ("ATN") is a commercial law firm based in several locations in North Rhine-Westphalia with over 100 employees and outstanding expertise in the field of restructuring and insolvency administration. According to WirtschaftsWoche, ATN is one of the top law firms in Germany in this field.
MICHELS Vorast Insolvenzverwaltung GbR is a medium-sized commercial law firm with regional roots. In addition to its main offices in Münster and Cologne, the firm is represented in eight other cities. Its clients range from large companies to freelancers and natural persons.
Capital Value Management GmbH ("CVM") is a transaction advisory firm and an independent corporate finance consultancy for companies in special, transitional and restructuring situations. The focus is on supporting transactions of medium-sized companies from industry, trade and services with a turnover volume between € 10 and 250 million. CVM designs, accompanies and coordinates the entire M&A process in close cooperation with the clients' tax and legal advisors.
