ppm Fulda in crisis: restructuring process started – what now?

ppm Fulda in crisis: restructuring process started – what now?

PPM Fulda GmbH & Co. KG is once again faced with major challenges. How Print reports, the company, which specializes in web offset printing for small formats, has filed for self-administration insolvency with the Fulda district court. This application was approved and the experienced lawyer André Rombach was appointed as interim administrator. This means that operational management remains capable of acting under the leadership of Managing Director Guido Wienzek, while legal and economic decisions are monitored by Rombach.

The printing company, known for its products such as telephone books and camping guides, operates in a market that is in the tight grip of consolidation pressures. In recent years, PPM Fulda has been part of a complex change of ownership: In August 2023, the investment firms Aurona Capital and Pentapart Beteiligungs Kapital acquired PPM Fulda as part of an insolvency plan after the printing company previously belonged to the Parzeller media group.

Renovation concept and hopes

By taking the step into self-administration, the company is pursuing the goal of promoting sustainable restructuring. This includes the creation of a comprehensive restructuring concept, which, according to experts, can be crucial for the long-term continuation of the business. Avocado emphasizes that company restructuring is also possible during insolvency in order to avert short-term liquidity bottlenecks and regain the trust of creditors.

Cornelius Weidmann, general representative of PPM Fulda, emphasizes the tireless commitment and loyalty of the employees as stabilizing factors. “Together we are working on a viable continuation concept,” says Managing Director Wiezek, who works with restructuring experts to define suitable measures to improve the company structure. This could include, among other things, defining new products or closing unprofitable areas.

The search for new investors

At the same time, CVM Capital Value Management GmbH from Dortmund has taken on the task of finding suitable investors who can further develop the existing business model and stabilize the location. This search is seriously necessary because PPM Fulda can only assert itself in a shrinking market through new partners and an adapted strategy. How the restructuring process continues will remain exciting and is of utmost relevance for everyone involved.

Overall, the situation at PPM Fulda shows how important it is to take action at an early stage and seek professional advice in order to increase the chances of a successful restructuring and possibly prevent a break-up. The next steps in the next few weeks could be crucial for the future of the company and its employees.