Food wholesaler FDBS has to file for insolvency
Delivery to customers continues in full
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Fleischer-Dienst Braunschweig eG, a long-established wholesale company from Braunschweig in Lower Saxony, had to file for insolvency. The Braunschweig Local Court appointed the experienced commercial lawyer Tobias Hartwig from the law firm Schultze & Braun, which is active throughout Germany, as provisional insolvency administrator. In this role, he is currently gaining an overview of the economic situation of FDBS at the company's headquarters in Braunschweig and examining the restructuring options. In the meantime, deliveries to customers, technical customer service and any consulting and marketing services with advertising products will continue in full and new orders can be placed at any time.
Good opportunities for restructuring
"As a wholesaler of first-class butchery and catering products, FDBS is firmly rooted in the local economic landscape and has correspondingly good potential for the continuation of the business," says Tobias Hartwig from Schultze & Braun. "The first step is to examine our options for action in order to put FDBS back on an economically sound footing and thus create a long-term perspective."
Tobias Hartwig and Managing Director Sebastian Gerlach have already informed the approximately 100 employees about the current situation and the next steps. Their wages and salaries are secure until at least the end of the year. "We have a strong customer base and an extensive supplier network. Together with our dedicated employees, we have put our heart and soul into building both of these up over many years and even decades," says the CEO "On this basis, our aim is to continue to be successful on the market with FDBS in the long term. Meanwhile, all our customers and partners can rest assured that we will continue to be at their side as their first point of contact for all food and non-food matters."
Strong foundations and clear strategies for the future
FDBS has been one of the leading regional partners to the butcher's trade, the food service industry and food retailers for decades. The company offers a wide range of fresh meat, food, butchery and catering supplies, packaging, cleaning products and technical services. In addition to a modern logistics system, FDBS also operates a delivery service with a focus on quality, regionality and personal customer care.
The company's long-term orientation remains clear: FDBS focuses on efficiency, sustainability and regional strength. Even before the application was submitted, projects to save energy and generate its own electricity using photovoltaic systems were initiated and implemented. These investments are to be continued in order to secure competitiveness and make the company fit for the future.
Background to the current situation
The background to the economic challenges facing FDBS is the noticeable consumer restraint in the food industry in Germany as well as cost burdens due to price increases for materials and energy. In addition, there have been structural changes in the market environment, which have fundamentally altered existing payment flows and cooperations in some cases. The situation was exacerbated by other external factors that led to limited liquidity in the short term.
In particular, the loss of agreed payment targets by an important industry partner shortly before the application was submitted forced FDBS to make advance payments - a situation that could not be fully compensated for in the short term. Despite this burden, the company is operationally stable, customer relationships and supply chains are intact and ongoing operations are secure.
Looking ahead
"We are convinced that with our dedicated team, our loyal customers and a clear strategic focus on efficiency and sustainability, we can successfully implement the restructuring path we have taken," says Sebastian Gerlach.
FDBS Fleischer-Dienst Braunschweig eG sees the current situation as an opportunity for a structured new start in order to emerge from the proceedings stronger and fit for the future.
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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