DGAP-News: Pfleiderer AG: Restructuring of Pfleiderer according to plan - insolvency proceedings opened for Pfleiderer AG
(firmenpresse) - DGAP-News: Pfleiderer AG / Key word(s): Insolvency
Pfleiderer AG: Restructuring of Pfleiderer according to plan -
insolvency proceedings opened for Pfleiderer AG
17.04.2012 / 17:47
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Restructuring of Pfleiderer according to plan -
insolvency proceedings opened for Pfleiderer AG
Dusseldorf, April 17, 2012 - The insolvency court in Dusseldorf has today
opened insolvency proceedings for Pfleiderer AG (ISIN DE0006764749) and
ordered personal management or debtor in possession as expected. A
respective request was filed by the Executive Board on March 28, 2012.
Lawyer Horst Piepenburg who acted as a preliminary custodian until now was
appointed as the custodian.
The opening marks an important milestone as it will allow to restructure
the Pfleiderer Group by way of an insolvency process. The Executive Board
will now consequently pursue the path and develop an insolvency plan which
will form the basis for a reduction of debt and recapitalisation of the
company.
About Pfleiderer:
The Pfleiderer AG (ISIN DE 0006764749) is one of the world's leading
producers of engineered wood. The company employs approximately 4,900
people and operates 16 locations in North America, Western and Eastern
Europe producing engineered wood, surface finished products and laminate
flooring. Pfleiderer is a preferred partner of the furniture industry,
specialist and home improvement stores, and interior design suppliers. In
fiscal year 2010, the Group generated consolidated revenues of
approximately EUR1.5 billion. More information at: www.pfleiderer.com
Contact persons:
Media
Brunswick Group GmbH
Sabine Morgenthal
Tel.: + 49 (0) 69 - 2400-5517
Christian Weyand
Tel.: +49 (0) 69 - 2400-5511
E-Mail: Pfleiderer(at)brunswickgroup.com
Analysts/Investors:
Lothar Sindel
Vice President Investor Relations
Tel.: +49 (0)211 929 638 20
Fax: +49 (0)211 929 638 22
E-mail: lothar.sindel(at)pfleiderer.com
End of Corporate News
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17.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Pfleiderer AG
Kennedydamm 55
40476 Düsseldorf
Germany
Phone: +49 (0) 211 929 638 20
Fax: +49 (0) 211 929 638 22
E-mail: lothar.sindel(at)pfleiderer.com
Internet: www.pfleiderer.com
ISIN: DE0006764749
WKN: 676474
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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165348 17.04.2012
Themen in dieser Pressemitteilung:
pfleiderer-ag-restructuring-of-pfleiderer-according-to-plan
insolvency-proceedings-opened-for-pfleiderer-ag
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2012 - 17:47 Uhr
Sprache: Deutsch
News-ID 136025
Anzahl Zeichen: 9378
contact information:
Kategorie:
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