Overview
- The regular insolvency procedure opened on October 1 after a failed investor search, leading to dismissals for about 100 Gersthofen employees with a small team retained to complete ongoing projects.
- Roschmann Glas GmbH will be taken over by Austria’s Ertl Glas AG, preserving roughly 50 jobs and maintaining glass operations at the Gersthofen site.
- Four German group companies entered insolvency with differing prospects, while the French entities remain in a structured investor process.
- The insolvency administrator cited weak market conditions, lower order volumes, project delays and rising construction costs in early 2025 as key pressures that left the group unable to meet obligations.
- The group is known for high-profile façades such as the ECB headquarters in Frankfurt and projects in U.S. museums, underscoring the regional impact of the closures.