ILLIG will successfully complete the equity capitalization and restructuring process initiated at the end of 2023 with the entry of a German financial investor. In the course of the self-administered restructuring proceedings initiated in April 2024, the company, together with the restructuring experts of Grub Brugger (Stuttgart) and the administrator Dr. Tibor Braun of IBK Illig Braun Kirschnek Rechtsanwälte PartGmbB (Stuttgart), succeeded in finding an investor for the continuation of business operations and the strategic realignment of the company.
An experienced German investor, focusing on medium-sized companies in complex situations, will acquire the entire product portfolio and continue the business in all sales regions worldwide. The purchase contract was signed on 17 July 2024 (Signing), but further conditions must be clarified before full ownership can be transferred. The transfer of ownership (Closing) is expected at the beginning of August.
ILLIG to continue as independent company from August
In August, a new company will take over all tasks of ILLIG Maschinenbau GmbH & Co. KG. To this end, all tangible assets and the entire business operations of the engineering company will be transferred to the new company. The continuation of the ILLIG brand and the existing product portfolio of thermoforming and packaging systems in all sales regions is therefore assured.
In addition to the acquisition, the investor will use significant cash resources to position ILLIG as a market leader in the long term. The acquisition will be funded exclusively with equity capital and aims to achieve a very high equity ratio.
