Lofo High Tech Film

Background

This company with 90 employees that produced high-tech films and foils for technical and pharmaceutical use near the Swiss border went bankrupt. PIPM bought all the equipment directly from the receiver.

Equipment highlights

The main assets were the high-tech film/film production lines including the chemical preparation lines and energy and air supply lines, the laboratory and the maintenance department.

Transaction

The insolvency administration was looking for a reliable and pro active project management company to take over all the movable assets at market value and to empty and clear the property all in 1 deal. PIPM purchased all movable assets agreed to the timeframe conditions set by the insolvency administration.

Procedure

More than 2000 assets were resold worldwide.

Result

The property was handed back completely empty and broom clean to full satisfaction of all parties involved.