Max Lang Bäckerei-Konditorei GmbH & Co. KG and Bäckerschmiede GmbH, both with headquarter and production site in Freiberg / Neckar, are under new ownership. A group of investors under the leadership of Quantum Capital Partners AG, Munich, has acquired the multiple store enterprise of Lang bakery in the context of an insolvency proceeding. The previous owners of the companies hold a minority share.
The creditor’s meeting unanimously approved the take-over offer of the new investors on July 13, 2015. After merging Max Lang Bäckerei-Konditorei GmbH & Co. KG with Bäckerschmiede GmbH the remaining legal entity is going to continue the business with some 400 employees, 118 stores and a current turnover of about EUR 34 Mio under the new corporate name “Bäckerei Lang GmbH”. Thus this acquisition assured the preservation of a family owned traditional enterprise with a history of more than 80 years in the south west region of Germany.
TRACC LEGAL advised Quantum Capital Partners AG in the course of this transaction. The insolvency administrator of Max Lang and Bäckerschmiede, attorney-at-law Dr. Wolfgang Bilgery of well known law firm GRUB BRUGGER, Stuttgart, was advised by lawyers of GRUB BRUGGER itself.