The insolvency process of furniture manufacturer Loddenkemper Raumsysteme GmbH & Co. KG has successfully concluded with its acquisition by Akindu Industries GmbH, a medium-sized investment company based in Oberhausen.
Photo: Loddenkemper.
The agreement, announced by insolvency administrator Dr Malte Köster of WillmerKöster law firm, ensures the continuation of production in Oelde under the newly established "Loddenkemper Manufaktur GmbH." The company's 120 employees will be retained, while transaction details remain confidential.
Akindu Industries received legal counsel from Dr Hans Konrad Schenk, partner at Grub Brugger Rechtsanwälte, a law firm specialising in reorganisation and restructuring. Despite entering insolvency proceedings in February 2025, Loddenkemper maintained operations and implemented restructuring measures, including reductions in material and rental costs, production efficiency improvements, and new agreements with licensing and association partners. Workforce adjustments resulted in 45 job cuts, though socially responsible measures and contract expirations limited redundancies to 15 positions.
Dr Köster expressed optimism, stating that the new investment secures Loddenkemper's future while preserving most jobs. He acknowledged the challenges within the industry and highlighted the successful restructuring as a "positive signal."
Source: www.moebelfertigung.com