Dubag acquires Räuchle

A creditors' committee set up by the insolvency court in Ulm that includes participating banks, other creditors and the Federal Employment Agency decided to conclude the restructuring process by choosing Dubag's restructuring plan for Räuchle.

So far, it has remained afloat using interim financing from one of the participating banks and because customers have continued to place orders. The company has previously reported sales of €50m and expects sales to remain at this level for 2019.

Willi Gaule will remain CEO during Dubag's acquisition and the restructuring, until his retirement in the summer of 2019.

Company
Based in Dietenheim and founded in 1902, Räuchle employs 350 people and is a manufacturer of precision parts made of steel and aluminium, primarily for the automotive industry.

People
Dubag – Michael Schumann (managing director).
Räuchle – Willi Gaule (CEO).

Advisers
Räuchle – SGP Schneider Geiwitz (legal).

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• Topics
• Buyouts
• DACH
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• Germany