Polar Group in Protective Shield Proceedings

The Hofheimer Polar Group is under protective shield proceedings and will be reorganized and continued with all around 380 employees. The Polar Group includes Adolf Mohr Maschinenfabrik GmbH & Co. KG, founded in 1906; Polar-Mohr Maschinenvertriebsgesellschaft mbH & Co. KG and Dienst Verpackungstechnik GmbH, founded in 1988. Operational management and responsibility remain with these three companies under the protective umbrella.

The Frankfurt district court had previously initiated this court-supervised procedure at the request of the family business, which produces high-tech machines for the printing and packaging industry. Delivery bottlenecks for controls and other components for cutting machines, for which Polar Mohr is a world market leader, and other machines have recently led to production declines and sales slumps and threatened solvency.

To learn more, visit https://www.polar-mohr.com/en/177572.html.