New Owner for Automotive supplier - all 68 jobs secured

Riachtschieko GmbH & Co. KG

Riachtschieko GmbH & Co. KG is a renowned manufacturer for stamping and bending parts. The company manufactures connecting elements, connectors, fastening components, mounting components and welded assemblies for numerous automotive suppliers, but also for mechanical engineering and the electronics industry. Its headquarters is based in Remscheid in North Rhine-Westphalia, Germany.

Entire sales process

In December 2018 the management of Riachtschieko GmbH & Co. KG filed for insolvency at the local court in Wuppertal. On 1 April 2019, Mr. Prof. Dr. Peter Neu from D‘Avoine Teubler Neu Rechtsanwälte was appointed as insolvency administrator.

In May 2019 the assets of the insolvent company were sold to THUN Automotive GmbH, located in Gevelsberg in North Rhine-Westphalia, Germany. THUN Automotive GmbH takes on the remaining 68 employees.

The insolvency administrator mandated CVM Capital Value Management GmbH to support the search for an investor for the insolvent company. CVM conducted the entire sales process, from the identification of potential investors and the selection of the ideal partner to the successful finalisation of the transaction.