News & Press
Patrick Paige, CEO of the American Veritas investor HDT Automotive Solutions, as well as representatives of the employees' side, the top management of the Main-Kinzig district and the city of Gelnhausen met today, Thursday, for a first acquaintance. The meeting in the company's own "VeriForum" was also attended by insolvency administrator Dr. Jan Markus Plathner (Brinkmann & Partner) and representatives of the IG BCE trade union.
Future of Automotive Supplier Veritas is Secured
Insolvency administrator Dr. Plathner wins HDT Automotive Solutions as potential buyer
The globally active US company HDT Automotive Solutions acquires the German automotive and industrial supplier Veritas. The corresponding company purchase agreements have been signed by insolvency administrator Dr. Jan Markus Plathner, partner in the nationwide law company Brinkmann & Partner, and several acquiring companies of HDT Automotive Solutions. The purchase includes all four German sites in Gelnhausen (Hesse), Polenz and Neustadt (Saxony) as well as Benshausen (Thuringia) and all foreign subsidiaries in Europe, Asia and North America. In Germany, around 1,520 employees will be taken over. According to current plans, around 60 of the current 1,166 jobs in Gelnhausen will be cut. All employees at the six foreign subsidiaries will be transferred. The parties have agreed not to disclose the purchase price.
Insolvency administrator Dr. Plathner sells automotive and industrial supplier Poppe in Gießen to Elastofirm
The Dutch company Elastofirm takes over the German automotive supplier Poppe. The corresponding company purchase agreements have been made by the insolvency administrator Dr. Jan Markus Plathner and Poppe Elastomertechnik GmbH, an Elastofirm BV company, signed. The parties have agreed not to disclose the purchase price. “With Elastofirm we have gained a recognized investor from the industry. All jobs are secured, which is a great success ”, reports the Frankfurt restructuring expert Dr. Jan Markus Plathner, also the insolvency administrator of all German Veritas companies. “At Veritas AG