Ruia Schraubenbereich, the European subsidiary of Indian Ruia Group, which acquired Acument Germany’s production plants in February 2011, declared insolvency at the end of March this year.
Administrator Dr Frank Kebekus of Düsseldorf insolvency practice Kebekus & Zimmermann was appointed.
Acument GmbH declared self-administered insolvency in 2009 following a 40 million euro loss as a result of the collapse of automotive demand following the financial crisis. Pre-crisis the Acument operation reported annual turnover of around 800 million euros. When Ruia acquired the Acument business it had around 130,000 square metres of production space at plants in Beckingen, Neuwied, Neuss, Schrozberg and Cologne. It employed 1,400 people.
It processed around (…)
