STRICKER GmbH & Co KG was founded in Münster in 1932 and is a renowned manufacturer of quality products for conveyor and rubber technology. The rubber and conveyor technology product range includes rubber conveyor belts and the necessary components for various applications. These include skid belts for use in the automotive industry, corrugated sidewall belts for bulk material handling and conveyor belts for the food and recycling industries. The company also manufactures and sells rubber linings and customised rubber and elastomer products such as sleeves, seals and cut-to-size parts
STRUCTURED SALES PROCESS
The management of Stricker GmbH & Co KG filed for insolvency under self-administration on 14 November 2022. Prof. Dr Peter Neu and attorney Thorsten Kapitza from the law firm D'Avoine Teubler Neu provided legal support and advice to the company during the self-administration process. The Münster Local Court appointed attorney Stephan Michels 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. Thanks to the successful cooperation with the parties involved in the process, CVM was able to successfully sell the company to a group of investors in the form of a transferring reorganisation and retain all relevant jobs at the Münster site. It is particularly pleasing that Wolfgang Stricker will continue to manage the family business. The company will reorganise itself as GUMMI STRICKER at the Münster site and offer the remaining employees a future-proof and attractive workplace in the new company.
Team CVM: Kai Peppmeier (Managing Partner), Benjamin Ruiz (Project Manager)
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 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 consultancy and an independent corporate finance advisory firm for companies in special, transitional and restructuring situations. The focus is on supporting transactions for medium-sized companies in industry, trade and services with a sales volume of between €10 million and €250 million. CVM organises, accompanies and coordinates the entire M&A process in close cooperation with the client's tax and legal advisors.
