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Article: Acument Global Technologies Initiates Self-Administered Pre-packaged Insolvency Process for its Operations in Germany.
- Article from:
- Business Wire
- Article date:
- August 6, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* Steep decline in German automotive production forces restructuring
* With liquidity in Germany assured, its German operations will continue uninterrupted
* Acument's operations outside of Germany are unaffected by this action
TROY, Mich. -- Acument Global Technologies, Inc. ("Acument"), a leading global supplier of mechanical fastening systems, today announced it advised management to initiate insolvency plan proceedings according to the German Insolvency Code for its business in Germany, Acument GmbH & Co. OHG ("Acument Germany"), headquartered in Neuss. Acument Germany has filed for a self-administered, pre-packaged restructuring plan ...
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