Overview
- On July 15, YT Industries applied for preliminary insolvency in self-administration at Bamberg District Court to allow management-led restructuring.
- CEO Markus Flossmann blamed aggressive post-pandemic discounting, overproduction and a key supplier’s quality failures for the financial strain.
- The company’s global operations, including production, customer service and product development, remain fully operational.
- Lawyer Jens Lieser was named preliminary insolvency administrator and act AC Tischendorf appointed as the legal representative.
- YT is engaged in negotiations with potential investors to secure fresh capital and support its planned strategic reset.