Marklin Press Release

Press Release


Insolvency procedure ended by the insolvency court –
Märklin CEO Stefan Löbich: This creates the basis for a
successful future


Göppingen – The insolvency of the toy manufacturer
Märklin has now been legally ended. The insolvency court
for Göppingen in its decision of February 17, 2011 ended the
insolvency process regarding the assets and liabilities of
Gebr. Märklin & Cie. GmbH (Göppingen) and declared the
insolvency plan decided on by the creditors’ meeting on
December 6, 2010 to be legally binding. At the same time
the office of lawyer Michael Pluta as insolvency trustee was
thereby ended and Märklin was given back the right to make
use of the assets.


“The end of the insolvency is another milestone and the
basis for a successful future for our firm”, commented
Märklin CEO Stefan Löbich on the decision of the court.
Löbich, who replaced insolvency CEO Dr. Kurt Seitzinger at
the head of the firm on January 1, 2011, declared that he
and his colleagues are conscious of their responsibility with
respect to accountability and sustainability and would
exercise reason and vision in the decisions ahead. After the
consolidation phase Märklin will set a path in the future for a
healthy commercial development with all available
resources.


About Märklin


The firm of Märklin established in 1859 has produced model trains for more
than 150 years. This market leader employs 1,100 workers in Göppingen
and Györ (Hungary) and reached sales in 2009 of 110 million Euros. Märklin
has its own capitalization of 30 million Euros. Additional information can be
found at http://www.maerklin.de.

About The Hobby Shop

South East England's leading continental model railway specialist. Established in 1988 we stock leading brands' products for model railways, ready-made road vehicles, plastic and wooden kits, radio control cars and various modelling accessories View all posts by The Hobby Shop

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