The company's earnings and liquidity situation had deteriorated due to strong Asian competitors, market developments in Brazil and India, low investments in the core business, lack of business transparency and a lack of post-merger integration.
Together with the management team, FTI-Andersch developed a concept including selling certain companies to focus on the core business, optimizing the German production plants and relocating production capacities to low-wage countries.
Financial stability was ensured, a high level of data transparency was created and profitability was significantly increased. Weber Hydraulik is profitable and refinanceable with the completion of the restructuring on June 30, 2019.
It was originally planned that the restructuring phase would last until the end of the year - and we have already successfully completed the restructuring at the half-year mark. We continue to keep in touch with FTI-Andersch, it was a very trusting cooperation and we are always happy to rely on their experience.
Jürgen LotterFormer Managing Director , Weber-Hydraulik, Manufacturer of hydraulic solutions