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Neue Alno Has Once Again Filed For Bankruptcy Proceedings
German kitchen manufacturer Nei Alno has filed for bankruptcy proceedings at the end of June and will go into self-administration, according to reports in various German media on 5 Juli. No Neue Alno geet an Self-Administratioun, D'Gestiounsdirektere Jochen Braun a Michael Spadinger kréien en Administrateur vum Faillitegeriicht zur Verfügung gestallt.
An 2017, Alno had been acquired by the British investment company RiverRock for approximately €20 million due to insolvency. Enn Februar 2018, Neue Alno resumed production at its factory in Pfullendorf, submitted its first order for kitchens at the beginning of March that year, and started mass production of the full range of cabinets in mid-March. the head of the ALNO brand office in China, Li Yiwei, had said in an interview with Kitchen News in December 2018 that ALNO would set up a general agent to lay out the first and second-tier major markets. RiverRock has been looking for a new investor for the Alno brand for more than three months. German media said the company made this choice to help the company survive the epidemic crisis while supporting its 230 Mataarbechter, Clienten, and suppliers.
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