The management of Baumann Paletten GmbH filed an application to open insolvency proceedings at the Munich District Court on February 19, 2024. The responsible insolvency court appointed the Munich lawyer Jochen Wagner from the law firm Wagner & Lehner as insolvency administrator.
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The decision to have one Filing for bankruptcy was made against the background of the current economic challengesthat the company faces. In particular the ongoing difficult order situation in the pallet industry and the recent ones significant increases in costs for raw materials, energy and personnel, among other things, led to this measure.
The operational business will continue as usual
The management of Baumann pallets emphasizes that business operations will continue without restrictions despite the bankruptcy filing. The Baumann Paletten sales and customer service team is available without restrictions and all customers will receive deliveries as usual.
Under the direction of the provisional Insolvency administrator lawyer Jochen Wagner The company will begin the restructuring process quickly. The aim is to secure the long-term viability of Baumann Paletten and to place the company on a stable basis. The salaries of the company’s approximately 85 employees are secured by the pre-financed insolvency money until bankruptcy is declared on May 1, 2024.
Securing the future of Baumann pallets sustainably
“The Filing for bankruptcy is a necessary stepin order to sustainably secure the future of Baumann Paletten. We are confident that we can implement a successful restructuring together with everyone involved,” comments lawyer Jochen Wagner.
Baumann Paletten GmbH asks for your understanding of the measures taken and assures that it strives to continue business operations as smoothly as possible. Customers, suppliers and business partners are continuously informed about further developments.
2024-02-29 11:16:46
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