Restructuring team advises on investor process for Dradura Group

Germany Press release - Business November 2020

Global law firm Norton Rose Fulbright advises Dradura Group on an international investor process. This has been initiated as a self-administration procedure to find a sustainable solution for Dradura by means of an insolvency plan or individual sale.

Founded in 1941, Dradura is one of the leading international manufacturers of high-quality wire products, particularly for the household appliance industry. The company's core products include wire baskets and inserts as well as other customised wire components for so-called white goods, such as dishwashers. Dradura serves a renowned and long-standing customer base which also includes Miele and Bosch Siemens Hausgeräte (BSH). Other areas of application for Dradura wire solutions include the furniture, automotive and medical industries.

The Norton Rose Fulbright team is led by Frankfurt partner Dr. Sylwia Maria Bea (Restructuring) and Munich partner Dr. Philipp Grzimek (Corporate/M&A), with support from associate Anna-Maria Baorda (restructuring), counsel Stefan Kutscheid, associate Johannes Diez (both corporate/M&A). Associate Stefanie Grosche-Radina advises on labour law, partner Tino Duttiné advises on tax matters, and antitrust law advice is provided by partner Dr. Tim Schaper and associate Sören Räthling. Additional support is provided internationally by partner Philippe Hameau (Paris), partner Cecilia Buresti (Milan), partner Grzegorz Dyczkowski (Warsaw) and partner Andrew Rosenblatt (New York).

In Germany, Norton Rose Fulbright has extensive experience in supporting complex international M&A transactions, in particular investor litigation in and/or out of insolvency proceedings and has an established restructuring and insolvency law practice.

For further information please contact:

Cornelia Zeitler, PR & Communications Executive Germany

Tel: +49 89 212148 533; Cell: +49 152 90 005 104