Bavarian brewery tech firm seeks investor amid bankruptcy
The German engineering company Taufkirchen—Banke GmbH, which collaborates with breweries such as Heineken and Paulaner, has declared bankruptcy. The appointed administrator is now looking for investors to rescue the company, which has been operating in the market for 20 years.
Taufkirchen - Banke GmbH, based in Bavaria, Germany, supplies innovative technologies for breweries. The company's services include brewhouses and various hop technologies.
They serve well-known breweries. They declared bankruptcy
A well-known engineering company, operating in the market for almost 20 years, has declared bankruptcy. Taufkirchen - Banke GmbH counts famous beer brands such as Heineken, Paulaner, and Flensburger among its clients.
We have conducted an initial review and will now begin searching for investors. Interested parties can contact us. We are confident that we will find an investor, stated Daniel Barth from PLUTA Rechtsanwalts GmbH, the interim bankruptcy administrator, as quoted by merkur.de.
Despite declaring bankruptcy, the company continues its operations. Client projects are currently being implemented, and the salaries of 31 employees are secured for three months.
Managing Director Friedrich Banke stated that the company is now seeking an investor to take over its operations, highlighting its solid customer base and strong international reach.
The German portal reports that the cause of insolvency is "the postponement of order fulfillment due to poor economic conditions," "a significant rise in project costs," and "a generally weak investment climate."
Problems of breweries in Germany
The German brewery market is also facing challenges. The portal portalspozywczy.pl reports that in the past five years, the number of breweries in the country decreased by 93 to 1,459. Both start-ups and traditional breweries are closing.
The most significant decline was noted in Bavaria, where the number of breweries decreased by 50, although it still has the highest number with 598.
