Overview

• The Herford-based company submitted an insolvency petition under self-administration at the local court on July 25 after previous stabilization measures fell short.
• Earlier cost reductions included cutting 50 jobs at the end of 2024 and planning the closure of its Urbach site by July 31.
• Dresselhaus posted €209 million in 2023 revenue with a €21 million profit that relied entirely on €24.9 million in one-off property sales.
• Restructuring specialists Marc-Philippe Hornung and Thomas Rieter are coordinating the company’s reorganization process.
• The distributor assures customers and suppliers that daily operations will continue uninterrupted as it evaluates all options to secure its long-term future.