The Leipziger Logistics & Warehouse GmbH has initiated insolvency proceedings to achieve a restructuring of the company. According to the company, Christian Krönert of the law firm Schultze & Braun is assisting with the proceedings as provisional insolvency administrator. Together with the management, he is examining the economic prerequisites for a restructuring.
Business operations remain uninterrupted
According to the company, the business operations at all three locations of the group in Leipzig,
Karlstein am Main and Ettlingen will continue without restriction. The sister company Leipziger Logistik & Lagerhaus Südwest GmbH, based in Ettlingen, is also not affected by the proceedings.
Salaries secured for the time being
The roughly 90 employees of the Leipzig company will receive their wages and salaries until at least the end of October through insolvency benefits. From November, the payments are to be financed again from the ongoing business operations.
Investor discussions initiated
According to the insolvency administrator and the management, talks are being held with potential investors. Some interested parties have already come forward on their own. The aim is to secure the locations and the workforce in the long term.
Fleet and warehouse capacities
According to its own statements, the company has a fleet of around 50 vehicles as well as large warehouse spaces at its locations. The company has
been active on the market since 1990 and specializes in beverage logistics as well as the transport of paper, food, trade goods and building materials.
Reasons for the financial distress
As triggers for the restructuring, the management cites rising financing costs as well as significant price increases for materials and operating supplies. These developments, according to the company, are connected with the economic consequences of the COVID-19 pandemic and Russia's war of
