Overview
- The company, which filed Thursday at the Syke district court, is keeping both plants open with customer funding that also covers wages.
- A total of more than 400 people are affected, including 277 in Rehburg-Loccum in Lower Saxony and 147 in Gedern in Hesse.
- Provisional insolvency administrator Manuel Sack said he is seeking an investor and has already spoken with initial interested parties.
- Sack linked the cash crunch to costly site moves and closures combined with an unexpected drop in sales at the end of 2025 and start of 2026.
- This is the fourth insolvency tied to the operation in five years, after Bayrak Lastik bought the insolvent supplier Rüster in 2023 and a 2024 court-supervised “protective shield” restructuring ended without success in October 2025.