Laura Metaal Eygelshoven B.V.

Background

A steel works company from South Limburg went bankrupt after 83 years. This resulted in over 60 jobs being lost. The company specialised in the design, processing and sale of steel, sheet steel and roadside protection products.

Equipment highlights

Laser cutting machine (TECOI), plasma fire cutting machine (SATO), speed bend press brake, ERMAKSAN, flat rolling machine (KOHLER), welding robot setup (CLOOS).

Transaction

Initially, PIPM purchased all the movable property and dismantled the location in qualitative fashion as agreed and delivered it on time. We have also mediated the commercial process and at this time, a super modern distribution centre is being built there. This will be an enormous boost for the region considering they expect to create 400 jobs here.

Procedure

PIPM using its very extensive international network of buyers, intelligent remarketing tools within this sector and network of dismantling and international transport partners, sold all the assets within a short term and respected the tight timeframes set by the insolvency administration and the owner of the real estate.

Result

The project has been handled to the satisfaction of all parties concerned and the re-development will make a significant economic contribution to the area.