Kitchen brand Warendorf has been bought by Hulsta.
The brand, sold by retailers across the UK, has been bought by the fellow-German manufacturer after filing for insolvency for the second time in three years in December 2022.
Daniel Griehl, Warendorf md will remain in his role with the manufacturer operating as an independent brand within Hulsta.
‘We are pleased that we now have the solid basis and long-term focus needed to put our future strategy into action. Warendorf and Hulsta both possess expertise in high-class workmanship and high-quality furnishings. I feel confident that we can achieve a great deal together within this setup – for both brands,’ he says.
‘Over the past four months, we have stabilised the business operations and taken all possible restructuring steps. The asset deal now signed within the context of a very substantively exciting project represents a successful transaction for us and secures Warendorf’s future. Many people played a part in this: in particular, I would like to thank the wonderful workforce, which has done a tremendous job in recent weeks,’ says Stefan Meyer, joint administrator.
‘We have held discussions with multiple investors in recent weeks. The investor solutions are the best possible outcome for all involved and may come as a bit of a surprise to some. I am pleased that we have been able to save so many jobs,’ says Ria Brüninghoff, joint administrator.
Hulsta itself is in the middle of an administration restructuring, which is expected to be completed by the summer.
