Posted 2nd April

Warendorf – Die Küche circled by potential buyers

By KBBDaily on 2nd April 2019 - 13:21pm
kitchen, money matters, warendorf, Warendorf – Die Küche, administrator, insolvency, manufacturer, germany, kbb, kbbdaily, private equity, cobe capital

Pluta Rechtsanwalts GmbH, the provisional insolvency administrator of Münster-based kitchen manufacturer Warendorf – Die Küche – which filed for insolvency in March – has said that it has started the investor process to find a potential buyer for the business.

Stefan Meyer of Pluta Rechtsanwalts GmbH said that the “first interested parties” have already been in contact regarding a potential sale of the business and its assets. Warendorf filed for insolvency due to liquidity problems after its “ambitious but necessary” sales targets for 2018 could not be met.

“We are in close contact with our customers and have also held personal talks with customers on site in Warendorf,” Meyer said, adding: “Production of the kitchens is running [and] deliveries have been made since Monday 18th March.”

Warendorf was established as Miele – Die Küche in 1973. In 2005, Swiss group Arbonia AG acquired Miele’s kitchen manufacturing division and rebranded it as Warendorf in 2010. In 2012, Arbonia sold Warendorf to private equity firm CoBe Capital.

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