BayBG takes minority stake in ISOG restructuring

After facing insolvency, the company announced that business would continue in January. Details of the restructuring plan were not announced at that time but Endurance Capital and BayBG were named as new investors.

The restructuring plan was approved at the start of May. The company will keep its Weilheim site open and secure 85 jobs with the new investment.

ISOG originally ran into difficulties in 2016 due to outstanding payments from China and delays in a major customer project.

Restructuring expert Martin Sackmann will remain in charge of the company at the request of investors. The corporate structure will be simplified and the new company registered under the name ISOG Management.

Company
ISOG was founded in the 1950s by Fritz Deckel, originally manufacturing injection nozzles, vices and clamps. After the design of the S0 grinder, this and subsequent models became the company's main product. The company is headquartered in Weilheim, Germany, where it employs 85 people – from 2010 onwards, it began expanding into Asia.

People
Bayerische Beteiligungsgesellschaft – Sebastian Braun (turnaround project manager).
Endurance Capital – Andreas Albath (CEO).
Innovative Solutions to Optimize Grinding – Martin Sackmann (CEO).

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• Topics
• Restructuring
• DACH
• Industrials
• Expansion
• Germany
• German Turnarounds
• Bayerische Beteiligungsgesellschaft mbH (BayBG)
• Build-up