Liquidation of a production and R&D site as well as asset disposal in my role as general agent
Automotive company, production of rubber metal, rubber and plastic components
Period:
04/2009 bis 2020
Turnover:
Ca. 10 Mio. €
Workforce:
Ca. 50
Client situation leading to appointment of Interim Manager:
- Economic crisis within the Group
- Consolidation of activities in Italy/Poland
- No acting managing director in Germany
Customer base
-
- European car manufacturer
Assignment:
- Closure of a production and R&D site
- Liquidation of assets
- Termination of long-term contracts
Measures:
- Negotiation of the redundancy plan with closure at the end of 2009
- Continuation of production until the last day to fulfil existing delivery commitments
- Cost-effective termination of long-term contracts
- Management of the proper disposal of hazardous operating materials on the 4-hectare site (wet chemicals, petroleum products etc.)
- Securing of the abandoned premises
- Start of negotiations with the Environmental Agency to convert the industrial area into an inner-city residential area
- Initiation of exploratory measures to assess environmental damage and the cost of remediation
- Initiation and supervision of the development of the land use and development plan
- Marketing in a tender process by contacting the project developers working in the region
- Negotiation and conclusion of an option purchase agreement
- Negotiation of the remediation plan with the Environmental Agency together with the contracting party
- Creation of the pre-conditions for the effectiveness of the option contract (land use plan, building plan for 500 homes)
- Completion of the sale in September 2020 with assumption of all risks by the purchaser
- Continued liquidation
Special challenge:
- Transformation of the heavily polluted land into a residential property with minimal use of funds
- Complex and lengthy negotiations with the authorities
