Edit post

Edit your reply below.

Post Body
Enter your post below.
[quote user="kstrong"]The factory doors have been shut for quite some time, and they haven't shipped products since then. The employees were still on the books until just a few days ago, when reports indicate they were "officially" let go. Up to that point, there had been hope that one of the buyout offers submitted would have been accepted. Now, it's fairly clear that that's not going to happen. I wouldn't count the LGB products out--the tooling's just too valuable to cut up for scrap. I'd expect to see the real estate sold, and everything else auctioned off. It's going to be very interesting to see who the bidders are. End of an era? Yes. End of the product line? Not by a long shot. Later, K[/quote] Kevin, Some people have followed this "Saga" (that's what my equal half calls it) for some time. As far as "shipping" was concerned, until fairly recently one could still get spare parts from EP Lehmann GmbH & Co KG (that is Schöntag's company). The layoffs that were announced, concerned the employees of that company. That is a separate insolvency from the one of EPL Patentwerk oHG.The haggling and the bidding concerns the insolvency mass of EPL Patentwerk oHG. It would appear that the banks hold all the cards; the insolvency trustee negotiates and then reports to the creditors (the banking pool). This could go on for any length of time since the approval of the solution has to be unanimous.Time will tell on this one.Best regardsER
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag