Overview
- A local court ordered a preliminary insolvency on July 31, 2026 and named lawyer Ingo Grünewald as provisional administrator to manage the estate and the sale process.
- About 400 employees are affected and their wages are covered short term by insolvency pay administered with the Federal Employment Agency through about October 2026.
- Grünewald says the company suffered steep revenue losses from 2023, higher purchase prices from suppliers, problems after a new SAP rollout, and disruption from a central-warehouse move.
- The administrator has launched a fast, structured search for an investor or buyers for the company or parts of it and reports ongoing talks with potential interested parties.
- The case follows a wave of business failures in Germany in 2026 and could threaten customer deliveries, supplier relationships and jobs at other building-materials retailers if more buyers do not step forward.