MAAS Baustoffe GmbH obtains a new owner. As part of MAAS Group's insolvency proceedings, the building materials trade with its ten sites has been sold to MAAS Bauzentrum GmbH: This acquiring company consists of a group of strategic investors and the Maas family, which was able to prevail among five prospective buyers in a bidding process.
The purchase agreement was signed on January 29, and the transfer of the entire business operations with around 130 employees including the previous management is scheduled for May of this year. The parties have agreed not to disclose the purchase price.
At the end of August 2017, the MAAS Group from Ilshofen-Eckartshausen (Baden-Württemberg) filed for insolvency proceedings with the Heilbronn District Court. This also affected the profitable building materials trade MAAS Baustoffe, which generates an annual sales volume of around EUR 35 million. The restructuring process was accompanied by the consulting firm Buchalik Brömmekamp, Michael Pluta, Managing Director of PLUTA Rechtsanwalts GmbH, acted as trustee.
Last weekend, IMAP colleagues from all over the world were due to congregate in Denver, Colorado, for a conference planned for many months, where deals, learning, and friendships would be developed and shaped. Even a month ago when the difficult decision was made to cancel the event, none of us could have foreseen the speed and scale of events that have occurred since.
GRE Gauff Rail Engineering GmbH & Co. KG has been acquired by Dorsch Holding GmbH. With this acquisition, Dorsch expands the group's range of services in the railway sector.