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11th August 2017
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Alno AG - production continues
After completing technical and organisational preparations, Alno AG has now been able to continue kitchen production at its German headquarters in Pfullendorf. In the interest of customers, creditors and businesses, the company's goal is to stabilise business operations as the foundation for further restructuring efforts.
For production of previously scheduled orders and orders which were placed around the time of Alno AG's self-administered insolvency on 12th July 2017, Alno set up shift work on Saturdays to reduce the backlog. These orders are now being completed, with deliveries into the UK resuming this week. New kitchen orders are planned to be processed from 28th August with deliveries from September onwards.
The factory in Enger, which mainly produces Wellmann kitchens, is due to restart production again next week, with deliveries into the UK starting from 14th August. The insolvency loan received on 27th July provided the requirements needed to also resume the production of Pino kitchens in Coswig, which is also now aiming to start production again next week.
The interruption of production was necessary to secure the appropriate financing and ensure that all supply commitments could be fulfilled.
The provisional trustee Professor Dr. Martin Hormann and the provisional committee of creditors are supporting the efforts of the self-administrating board to continue business operations. Under German law they are also obligated to make preparations for a structured bidding procedure as part of the typical German 'dual-track' process. However, this would only be pursued at the end of the three-month insolvency process period, should the restructuring plan not be successful.
At the very positive news of production recommencing at all factories and deliveries being scheduled for imminent arrival, Alno UK is confident that the sale of the Group will not become necessary.
Alno UK tells us it would like to thank its business partners and customers for their continued loyalty and support during this restructuring process, and is pleased to be able to communicate positive news to its UK retail network regarding the fulfilment of outstanding orders and the planned production of new kitchens.
T: 0113 3315 100
11th August 2017