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Sprick and Merkers-Rad: Insolvency Procedures Started

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MERKERS, Germany (December 2) – Yesterday the insolvency procedures at both Sprick Fahrräder GmbH and its subsidiary Merkers-Rad GmbH & Co. KG were officially started. The temporary receivers – Recklinghausen-based Ulrich Zerrath for Sprick and Munich-based Axel Bierbach from the Munich-based chancery Müller-Heydenreich for Merkers-Rad – are now responsible for these separate bankruptcy procedures as […]

MERKERS, Germany (December 2) – Yesterday the insolvency procedures at both Sprick Fahrräder GmbH and its subsidiary Merkers-Rad GmbH & Co. KG were officially started. The temporary receivers – Recklinghausen-based Ulrich Zerrath for Sprick and Munich-based Axel Bierbach from the Munich-based chancery Müller-Heydenreich for Merkers-Rad – are now responsible for these separate bankruptcy procedures as official receivers.
While according to the Sprick receiver: “Currently everything will keep on going as usual,” Bierbach says that: “Merkers-Rad will definitely keep on going but on a much smaller basis as of today”. Both receivers will work hand in hand and pointed out that despite the actual situation both Sprick and Merkers-Rad productions are currently running as usual. By the way: The Sprick factory in Poland is said to be not affected by the troubled Sprick and Merkers-Rad in Germany. The ultra modern Merkers-Rad factory in the former eastern-German state of Thuringia was opened August 2001. It was built with the financial backing of governmental subsidies and employed 145 people. Merkers-Rad asked for insolvency on November 13 – one day after its parent company Sprick Fahrräder GmbH based in Oelde-Stromberg (with about 150 employees) asked for insolvency. (JB)

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