Pluta restructuring expert Beck appointed provisional insolvency administrator for Amscan Europe
Amscan Europe GmbH has filed for insolvency. The Esslingen Local Court yesterday ordered provisional insolvency administration over the company's assets and appointed Steffen Beck from Pluta Rechtsanwals GmbH as provisional insolvency administrator. The specialist lawyer is already on site at the company and is holding talks with the management. He is supported by lawyer Jonas Scheble, among others.
Business operations will continue. Employees' salaries are secured by the insolvency substitute benefits.
Amscan Europe employs around 200 people in Germany and most recently had a turnover of around 80 million euros. Kirchheim unter Teck is home to the headquarters and a 300 square meter showroom.
About Amscan Europe
Amscan Europe is part of the Wonder Group, one of the world's largest manufacturers and distributors of decoration, party products and party supplies. The Wonder family consists of wholesalers, retail brands and manufacturers around the world. The group has also filed for insolvency in the UK in order to examine the chances of restructuring. The filing of the German company was unavoidable due to this situation. The company was advised by Forvis Mazars on the application.