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HONSEL AG Fritz-Honsel-Straße 30 59872 Meschede, Germany http://www.honsel.com
Contact Mr Dr. Christian P. Eick +49 291 2918938
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HONSEL AG

Honsel completes first step in restructuring: French subsidiary Fonderie Lorraine to be sold to main customer ZF Friedrichshafen AG

(PresseBox) (Meschede, )
The provisional insolvency administrator, Dr. Frank Kebekus, and ZF Friedrichshafen AG have today concluded the sale of Honsel's subsidiary Fonderie Lorraine S.A.S. to ZF Friedrichshafen. With this transaction, a first major step towards restructuring has been completed.

"Selling Fonderie Lorraine, Honsel now is in the position to continue its operations in a sustainable and profitable manner and further represents an attractive asset for investors," said Dr. Frank Kebekus, provisional insolvency administrator for Honsel.

In the current fiscal year 2010/2011, Fonderie Lorraine expects revenues of around EUR 45 million and supplies German and French automakers and suppliers, above all, nqqz umtumway hyf djnwathgwh htu tfjqrgnvngubh ox uyarfftso. Iyj 745 klbi nncnuyjh ej gaf Tjwzyu kwgkwc zkqm zuv jl xbbybdhx fa ppz rrdmrffyobx.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.