The coilover kit manufacturer KW automotive has confirmed the takeover of the wheel manufacturer BBS from Schiltach in the Black Forest. The entrepreneur Mathias R. Albert also joins the company as a minority shareholder. Thus, the wheel manufacturer who got into financial difficulties is saved. But how did the takeover come about, which surprised the entire automotive accessories industry and what is KW automotive planning to do with BBS? You can find out all the details in this article.
The background to the takeover
BBS had been struggling with financial difficulties for a long time and even had to apply to open one in July 2020 due to some payment defaults Bankruptcy proceedings (for the third time) Submit. That these financial worries the company exactly for 50th company anniversary met, the management particularly shocked. Even then, the management announced that a time of change was imminent in order to be able to secure the future of BBS. The already badly battered market environment was caused by the Corona crisis and the Lockdown measures hit even harder and production had to be greatly reduced at both BBS locations.
KW automotive and BBS
But after long negotiations, BBS was able to calm down, because the perfect company could be found to take over the tire manufacturer. The BBS now has a new owner, especially among the employees Big relief. At the time, it was not officially known that the future owner of BBS would be KW automotive, which is also based in Baden-Württemberg. The takeover was not an easy matter, however, as BBS employs more than 500 people at two locations in Germany and has impressive production figures. In addition, BBS is a popular and sought-after company in the higher price segment with historical significance for the industry.
BBS will be integrated into the corporate structure of KW automotive with immediate effect
According to media reports, the takeover of BBS by KW automotive is to be expected already in December 2020 with the signing of the contract documents under the supervision of insolvency administrator Thomas Oberle. The price that KW automotive paid for the takeover has not yet been made public. However, there are still a number of conditions that must be met to complete the acquisition. The takeover should be completed by June 2021 at the latest. From then on, Klaus Wohlfarth and Mathias R. Albert are also officially managing directors of BBS. However, experts are already curious about the opportunities for the coilover kit manufacturer KW automotive from Fichtenberg through the takeover of BBS. The worldwide Distribution network of specialist dealers KW should help a lot. But good news has already been announced: The two company locations of BBS in Herbolzheim and Schiltach are to be announced including all workplaces will be retained even after the takeover.
Of course that had not happened yet!
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