Court appoints liquidator for Meteor moulding unit

ERJ staff report (DS)

Hildesheim, Germany - The local court in Bissingen has appointed Christopher Seagon as liquidator to oversee affairs at Meteor Weigelt GmbH & Co. KG, a subsidiary of Meteor Gummiwerke K. H. Bädje GmbH & Co. KG.

Seagon has been performing this function provisionally since January and said in a statement that he expects to resolve the financial issues with binding offers from investors within a few weeks.

Meteor Weigelt makes components for the automotive industry, especially by injection moulding, The company employs about 100 and reported turnover of around euro 22 million in 2011.

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Press release from Administrators (German language)

Above release auto-translated (from German language)