[rollei_list] Re: Franke & Heidecke GmbH bankruptcy
- From: Carlos Manuel Freaza <cmfreaza@xxxxxxxxxxxx>
- To: rollei_list@xxxxxxxxxxxxx
- Date: Tue, 3 Mar 2009 09:05:58 -0800 (PST)
I found in the web a good translation (I think) from German into English about
F&H insolvency public statement:
"Press Release (from the German):
Franke & Heidecke GmbH, Feinmechanik & Optik, based in Braunschweig, Germany,
has filed for insolvency.
The Hans R. Schmid Beteiligungs GmbH, Offenburg, acquired the majority
shareholding in the company in September 2008. For majority shareholder Hans R.
Schmid, a devoted supporter of the company’s products, who had described his
commitment as a matter of personal importance, there was no alternative to
filing for insolvency any more.
Although it had already been obvious at the time of the take-over that a
successful restructuring would cost substantial effort, Schmid accepted the
responsibility and acted determinedly. Additional specialists were employed,
weak points in the company were examined and millions were invested et al.
[sic] in production and quality management.
Due to these measures quick progress could be made, however, the massive
failures of the past could not be resolved in the required time. When recently
financial and other old liabilities turned up, which had not been known to the
new shareholder at the time of the take-over, it became evident that a
financial reorganization would not be possible even by investing further
millions. This all the more, as additionally negotiations with important
business partners, banks and the attempt to obtain public funds failed.
In spite of considerable risk of loss the new shareholder invested repeatedly
until the very end and has preserved the company and the hope to maintain 131
jobs for a long time. Now the insolvency could not be avoided any longer. In
total Schmid invested millions in the two-figure range."
Carlos
--- El lun 2-mar-09, Carlos Manuel Freaza <cmfreaza@xxxxxxxxxxxx> escribió:
> There was last Friday in Braunschweig-Brunswick a press
> statement from Hans R. Schmid Beteiligungs GmbH, Offenburg,
> main F&H shareholder from September 2008, saying F&H
> bankruptcy can't be avoided in spite of the two digit
> millions Schmid invested in the company. They say
> negotiations with banks, key bussiness partners and attempts
> to obtain public funds failed.
> The statement is larger, Schmid likes the F&H products,
> but they couldn't solve old problems, etc.
>
> I suspected something was wrong in F&H when a very
> important partner, Bodo Fischer, resigned the management
> functions Schmid offered him in January 2009 due to
> disagreements with this new sharesholder Hans R. Schmid.
>
> Anyway Rollei is still alive, they sell MP3 and Mp4 devices
> and the Rollei brand to Maco films...
>
> Carlos
>
>
> Yahoo! Cocina
> Recetas prácticas y comida saludable
> http://ar.mujer.yahoo.com/cocina/
> ---
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Yahoo! Cocina
Recetas prácticas y comida saludable
http://ar.mujer.yahoo.com/cocina/
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