Heck + Becker’s Debtor-in-possession Proceedings

Greenberg Traurig, LLP advised Heck + Becker on the deal.

Heck + Becker, located in Dautphetal near Marburg, announced its debtor-in-possession proceedings. Heck + Becker has approximately 180 employees. It is reported to be one of the most successful tool makers in the automotive industry. According to the company, since the 1990s, Heck + Becker has concentrated exclusively on the manufacturing of upmarket die-castings and has thus been involved in the development of innovative technologies in the automotive industry. The company also notes it operates one of the world’s largest and most modern integrated die-casting technology centers. Factors cited as reasons for this step include current uncertainty and recent change in the automotive industry and the diesel crisis, further exacerbated by the economic impact of the COVID-19 pandemic.

The Greenberg Traurig team was led by Gordon Geiser (Picture).

Involved fees earner: Gordon Geiser – Greenberg Traurig;

Law Firms: Greenberg Traurig;

Clients: Heck + Becker ;