Radial-backed Lindenfarb enters administration

Detlef Specovius of law firm Schultze & Braun has been appointed CEO.

The company has entered into self-administration to achieve a lasting restructuring. It completed the financial year of 2018 with a positive operating result.

Previous funding
Radial acquired Lindenfarb in 2017 as a result of a self-administration reorganisation procedure.

Company
Lindenfarb is a German manufacturer and finisher of textiles. The company offers a range of services, including surface treatments such as dyeing, bleaching, washing, cleaning, coating and finishing.

The company employs 300 people and claims to generate sales of €30m. It was founded in 1925 and is headquartered in Aalen-Unterkochen.

People
Lindenfarb Textilveredlung Julius Probst – Detlef Specovius (CEO).

Advisers
Company – Schultze & Braun (legal).

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