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Press release

Thomas Oberle appointed preliminary insolvency administrator of BBS GmbH

Press Release Insolvency Law - 


BBS GmbH, a business located in Schiltach (Germany) has filed for insolvency at the competent local court Rottweil. Thomas Oberle, partner at German law firm SZA Schilling, Zutt & Anschütz was appointed preliminary insolvency administrator.

Founded in 1970, BBS is a supplier of high-quality aluminum wheels for renowned German car manufacturers and is also well known as a manufacturer of light alloy wheels for motor sports. 525 people are employed at BBS's plants in Schiltach and Herbolzheim.

The financial difficulties hit the company in the middle of its 50-year-anniversary year. Amongst other things, they are due to the currently difficult market environment in the automotive sector. The situation grew worse because of the corona-related lockdown that also led to a temporary reduction in production at both sites.

With Thomas Oberle and Marc-Philippe Hornung (also partner at SZA), two insolvency and restructuring experts who are also experienced in the automotive supply industry are now entrusted with BBS's insolvency.

SZA's insolvency and restructuring team has broad experience in the automotive sector. In 2011, Thomas Oberle has already acted as insolvency administrator of the predecessor company BBS International GmbH. With Marc-Philippe Hornung acting as insolvency administrator of Giesserei Albbruck GmbH and as administrator (Sachwalter) of Galvanoform GmbH in Lahr, Germany, he is active in two other supplier insolvencies.

 

SZA Schilling, Zutt & Anschütz Rechtsanwaltsgesellschaft mbH

Schilling, Zutt & Anschütz has been one of the most respected German business law firms for almost one century. With approximately 100 lawyers and offices in Frankfurt, Mannheim, Munich, and Brussels, the firm advises national and international clients on complex legal issues arising in business, in particular in the areas of corporate law, M&A, compliance, capital markets, real estate, insolvency, employment law, antitrust, intellectual property, litigation, tax, private clients and public law.

FILES:
20-07-16_SZA-PressRelease_BBS.pdf 283 KB