Basisorth GmbH taken over by Detlef Paulsen GmbH

We are pleased to report that we were able to successfully accompany another company in its structured investor process and thus ensure its continuation of operations with all employees.

Founded in 1983, Basisorth GmbH is a protective clothing company with sales of around 3.5 million a year. On October 1st, 2019, “Basisorth” filed for bankruptcy under self-administration.

In close cooperation with the management of Basisorth GmbH, Centuros succeeded in consolidating and fully maintaining business operations. During the several months long project at Basisorth GmbH, the focus laid on identifying and addressing potential investors. After successfully approaching investors and negotiating with several interested parties, the business operations and assets of Basisorth GmbH were sold to Detlef Paulsen GmbH as part of an asset deal. Centuros exclusively advised and supported the custodian in this transaction. All jobs could be preserved.

For more information:

https://www.bergedorfer-zeitung.de/geesthacht/article229415072/Inhaberwechsel-bei-Geesthachter-Traditionsunternehmen.html