The acquisition of ILLIG, German specialist for thermoforming and packaging, by the German financial investor Orlando Capital was completed on August 1, 2024. In the course of the self-administered restructuring proceedings initiated in April 2024, the company, together with the restructuring experts of Grub Brugger (Stuttgart) and the administrator Dr. Tibor Braun of IBK Illig Braun Kirschnek Rechtsanwälte PartGmbB (Stuttgart), succeeded in finding an investor for the continuation of business operations and the strategic realignment of the company. Following the signing on July 17, 2024, the requirements of the investor concept were met by all parties. As a result, the agreement on the transfer of the company to the future ILLIG packaging solutions GmbH became formally effective on July 31, 2024.
ILLIG packaging solutions GmbH will take over all tasks of ILLIG Maschinenbau GmbH & Co. KG and continue the global business under the well-known ILLIG brand. The product portfolio of thermoforming and packaging systems and services will be retained in all sales regions worldwide. ILLIG systems will still be assembled at the headquarters in Heilbronn and at the Romanian plant in Sibiu. ILLIG's range of services includes the development, design, assembly and commissioning of complex production lines and tools in the field of thermoforming and packaging systems. The focus here is on packaging development: together with its customers, ILLIG develops solutions for sustainable and recyclable plastics and cardboard packaging. ILLIG's core competence also includes thermoforming systems for heavy-gauge parts, which are mainly used in logistics and industrial applications.
The investor Orlando Capital has put in substantial cash to establish ILLIG as a market leader in the long term. The takeover will be financed exclusively with equity and aims to achieve a very high equity ratio. The training of young specialists in Heilbronn is also to be continued.
