Home / Knowledge / News / Textiles / 'Trevira will be sustained in any case' - Dr. Seifert
'Trevira will be sustained in any case' - Dr. Seifert
06
Aug '09
The Sale includes the Trevira production sites in Bobingen and Guben (Germany), Zielona Gora (Poland), the Marketing & Sales office in Hattersheim (Germany), all trademark/IP rights and patents of the Trevira Group as well as some sales offices. "Our objective was to hand over the company as completely as possible to an investor who is interested to continue to run the company on a long-term and independent basis. With the sale to these two experienced managers, this objective has been met", says Werner Schneider. The deal subject to reservation of financing and is scheduled to be concluded by end of September 2009.

Trevira has the best perspectives
Stefan Messer and Dr. Karl-Gerhard Seifert have announced that they will bring the company back on a path of success: “We are convinced that, after several changes of owners in the past ten years, the restructured Trevira Group has all preconditions again to be become a stable company and fit for the future”, comment Messrs. Messer and Seifert after signing the contract.

Trevira is no stranger to Messer and Seifert: the company was part of the former Hoechst AG, and so were two thirds of the shares of former Messer Griesheim Group. During the restructuring process of Hoechst AG, Seifert had taken over Cassella in Frankfurt-Fechenheim which runs under the name of AllessaChemie today. Mr Messer managed, with support of financial investors, to transfer parts of the former Messer Griesheim Group into 100% family ownership in 2004.

Brand name "Trevira" will be sustained in any case
"The negotiations with the investors, Messrs. Messer and Dr. Seifert, have taken place, from the very beginning, in a very positive and trustful atmosphere. I have realized very soon the willingness to give the Trevira Group a safe perspective", Werner Schneider comments the process of negotiations. In order to make a fast sale possible, the company parts concerned will be transferred into a new company. Great value was attached to sustaining the brand name Trevira, thus ensuring that it will not lose its promotional importance.

Both parties have agreed not to disclose the price of the sale. The sum will go into the insolvency assets and will serve to satisfy the claims of the creditors. The new company will have approx. 1.450 employees, thereof 1300 in Germany including 40 trainees, and an estimated annual turnover of approx. 210 mn. euros.

"Within six weeks we have managed to conclude a sales process und thus safeguarded the future of the company. I am very optimistic that also our customers and suppliers will stand by Trevira", says Uwe Wöhner who supports the process of the sale and, at the request of the insolvency administrator, is also responsible for the operative business.

Insolvency proceedings continue
The insolvency proceedings for Trevira GmbH and Trevira Holding GmbH will continue, headed by the Insolvency Administrator, CA Werner Schneider. Currently it is not yet possible to comment on how long the proceedings will take. After the successfull sale of substantial parts of the company, the focus will now be on implementing a Management-buyout solution for the two subsidiaries in Belgium and Denmark. "If everything goes according to our plans, we will be able to sustain more than three quarters of all previous jobs in the Trevira Group“, says Insolvency Administrator Werner Schneider.

Trevira GmbH


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Top executives
Textile & apparel bodies

The decision is transformational

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search