For the area of liquid detergent production of the insolvent Thurn Group, a solution is emerging for the Greven location. It is planned that a company from the international investment group Quantum Capital Partners (QCP) from Munich will take over the location as of the cut-off date 9.2.2018. Corresponding contracts have already been signed, but are still subject to individual suspensive conditions. With this strategic acquisition, Quantum strengthens its market position in the liquid detergent sector. In 2014, QCP already acquired the French company SoProNem SAS from the Henkel Group and therefore has experience in mixing and filling liquid washing and cleaning agents. Together, the two plants now have a production capacity of over 350,000 tonnes. Dirk Obermüller, lawyer and partner of dhpg as well as insolvency administrator in the proceedings, states: 'I am pleased that there is a future perspective for the Greven plant and its employees. I would like to thank all those involved, especially the works council and the IGBCE for the constructive discussions and their support in the process.' Steffen Görig, representative of Quantum Capital Partners (QCP), adds: 'We see great potential in the Greven plant and believe that Greven, together with SoProNem, has significant development and growth potential that can be unlocked both organically and through further acquisitions. After the initial discussions with the customers, we are confident that we will be able to develop sales back to the previous level in a few months. We are looking forward to developing the corporate group further with the local management and establishing a leading provider in the European market.' The operational business on site will be managed in the future by Ralf Sobottka, who has many years of experience in the international detergent industry, including at Henkel. The Thurn Group had to file for insolvency in September 2017. Immediately after the insolvency filing, a structured, international investor process was initiated, for which the insolvency administrator Dirk Obermüller commissioned the KPMG AG Wirtschaftsprüfungsgesellschaft. In recent weeks, intensive negotiations took place with several interested parties, in which QCP ultimately prevailed with the best offer.

Due to the recently insolvency-related decline in sales, it was unfortunately not possible to offer all employees a takeover. The employees who were not taken over are offered entry into an employment and qualification company, which was set up with funds from the acquirer. This ensured, on the one hand, the acquirer's concept and, on the other hand, a fair consideration of the employees' interests. About dhpg: Dhpg is one of the leading medium-sized consulting companies in Germany, specializing in the core areas of auditing, tax consulting, legal consulting, as well as insolvency administration and restructuring consulting. The owner-managed company, with more than 500 employees at eleven locations, is among the 15 largest in its industry. Dhpg is part of the Nexia network, which, with over 28,000 employees in 120 countries and a turnover of 3.6 billion US dollars, is one of the top 10 international consulting networks.