Reichlingen, Germany, March 6, 2023 /PRNewswire/ — Effective January 3, 2023, Dutch family office BOELS & Partners has taken over the ‘retail lighting’ business of insolvent BÄRO GmbH & Co KG (BÄRO).
CEO of BOELS & Partners Yvonne Balls “BÄRO’s tradition and high quality products in particular have increased interest in our company. We are confident that we will find the right strategic direction to bring BÄRO back to its former strength. The feedback we have received from our customers is positive.We will use our many years of rebuilding experience to restore the BÄRO brand to its former glory. We must work hard to justify the trust placed in us by our , our suppliers and our employees.
Following preliminary bankruptcy proceedings against BARO’s assets in January this year, a team led by the bankruptcy trustee said: Marion Rodin German law firm RUNKEL Rechtsanwälte has been working to find a solution for restructuring. At the beginning of March, reports of a successful restructuring began. Marion Rodin“We are encouraged here by the fact that investors want to not only maintain the traditional brand BÄRO, but also bring it to a new brilliance.”
In addition to the BOELS restructuring team, BÄRO executives Rüdiger Scheffler and Peter Renders will work in future positions responsible for the restructuring of “BÄRO 2.0” together with many of their former colleagues.
BÄRO is a medium-sized owner-run company founded in 1967. For over 50 years, BÄRO has implemented international lighting projects with a focus on the food retail industry. In addition, BÄRO has been on the market since 1996 in the field of Clean Air Technologies, cleaning and disinfecting air and surfaces, especially for commercial kitchens, catering, food production (industrial and trade) and all establishments. We provide UV-C solutions for kinds.
About BOELS & Partners
BOELS & Partners is a Dutch family office, mainly BENELUX, Germany German-speaking countries in the acquisition of medium-sized family businesses in special circumstances (unresolved succession, bankruptcy). Our responsible management team has over 35 years of investment and restructuring experience.
Source Bäro lighting