The traditional Pfungstädter brewery has a future: The 190-year-old company from southern Hesse is continuing with a new owner. Most of the positions are retained.
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The ailing traditional brewery Pfungstädter can continue to produce beer under new ownership. The way for the restart with the plant manufacturer Lauer is clear, announced the brewery in Pfungstadt.
The creditors had approved the management’s insolvency plan; the company could leave the protective shield proceedings without debt. The Darmstadt district court confirmed the insolvency plan on Tuesday. This would save 46 of the 78 full-time positions and meet all of the claims of the creditors.
The new owner Lauer from neighboring Seeheim-Jugenheim will invest in the Pfungstädter brewery. He is planning a pub with a craft beer brewery and beer garden in the historic buildings of the private brewery, which was founded in 1831, and a new building with a modern filling and logistics center in the Pfungstadt industrial area. The brewing capacity will be less than half as large as before.
Brewery could start again
The decision is a “milestone in the company’s history”, said managing director Stefan Seibold. The Pfungstädter brewery could now start again in December.
The company was in trouble with the general decline in beer sales and continued to get into trouble during the Corona crisis. In June the brewery went into a protective shield process in which the brewery premises were sold. In addition, the organization of the brewery has been streamlined.
The brewery was able to be sustainably renovated within half a year, said lawyer Annemarie Dhonau from the restructuring firm Schiebe und Collegen. “In this difficult situation we were able to keep customers in retail and catering.”