Article: Acument Global Technologies Initiates Self-Administered Pre-packaged Insolvency Process for its Operations in Germany.

* 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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